Stocks extended the gaining streak Thursday after high volatility as investors were active on both sides of the trading fence.
The market moved between positive and negative several times before closing marginally higher despite the prices of most shares closed lower.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 12.55 points or 0.19 per cent to settle at 6,560. DSEX added over 129 points in the past three trading days.
The DS30 index, comprising blue chips, also rose 22.59 points to finish at 2,376. However, the DSE Shariah Index (DSES) saw a fractional loss of 0.97 points to close at 1,441.
Turnover, a crucial indicator of the market, dropped to Tk 18.78 billion on the premier bourse, which was 14.6 per cent lower than the previous day’s tally of Tk 22.01 billion.
Market insiders said the market witnessed some volatility as investors were active on both sides of the trading fence.
Most of the investors, however, kept their buying binge as they expect strong earnings for the companies whose financial year ended in June, said a merchant banker.
Losers took a strong lead over the gainers, as out of 379 issues traded, 188 closed lower, 72 higher and 119 others remained unchanged on the DSE trading floor.
Beximco became the most-traded stock with shares worth Tk 2.64 billion changing hands.
Orion infusion was the day’s top gainer, soaring 8.72 per cent while Bashundhara Paper Mills was the worst loser, losing 9.19 per cent.
The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index (CASPI) rising 80 points to settle at 19,276 and its Selective Categories Index (CSCX) gaining 48 points to close at 11,554.
Of the issues traded, 142 declined, 64 advanced and 73 issues remained unchanged.
The port-city bourse traded 6.82 million shares and mutual fund units with a turnover value of Tk 279 million.