Stocks rebounded Tuesday, snapping a two-day losing streak, as the buoyant investors went on late hours buying spree on large-cap issues.
The market opened on a positive note and maintained a positive trend throughout the session, ultimately ending over 39 points higher.
DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 39.65 points or 0.62 per cent to settle at 6,471, losing 77 points in the past two straight sessions.
Turnover, a crucial indicator of the market, stood at Tk 13.15 billion on the premier bourse, which was 6.10 per cent lower than the previous day’s turnover of Tk 14 billion.
Market analysts said the investors showed their buying interest in lucrative issues after two-day corrections.
Two other indices also ended higher. The DS30 index, comprising blue chips, rose 20.66 points to finish at 2,306 and the DSE Shariah Index (DSES) gained 14.24 points to close at 1,419.
Losers, however, took a modest lead over the gainers, as out of 367 issues traded, 146 closed lower, 127 and 94 others remained unchanged on the DSE trading floor.
Orion pharma became the most-traded stock with shares worth Tk 766 million changing hands.
Sinobangla was the day’s top gainer, gaining 10 per cent while phoenix finance was the day’s worst loser, shedding 10.10 per cent.
The Chittagong Stock Exchange (CSE) also bounced back with the CSE All Share Price Index (CASPI) gaining 84 points to settle at 18,988 and its Selective Categories Index (CSCX) rising 51 points to close at 11,381.
Of the issues traded, 121 declined, 95 advanced and 45 issues remained unchanged.
The port-city bourse traded 7.02 million shares and mutual fund units with a turnover value of Tk 305 million.
