The stock market ended higher Wednesday as the buoyant investors continued their buying spree on major sector stocks amid high expectations.
The market opened higher and the upbeat trend continued until the end of the session with some sale pressure in the mid-session, ultimately ending over 76 points higher.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 76.46 points or 1.18 per cent to settle at 6,547.
Turnover, a crucial indicator of the market, also jumped to Tk 22.01 billion on the premier bourse, which was 67 per cent higher than the previous day’s tally of Tk 13.15 billion.
Market insiders said the market remained bullish amidst enthusiastic participation as the investors are more confident to put fresh bets anticipating positive momentum ahead.
The investors kept their buying binge amid upcoming dividends expectations as they expect strong earnings for the companies whose financial year ended in June, said a merchant banker.
Besides, stability in the foreign exchange rates, rising export, increasing remittance inflow as well as declining imports, encouraged investors to remain in the trading floor, he said.
Two other indices also ended higher. The DS30 index, comprising blue chips, rose 47.11 points to finish at 2,353 and the DSE Shariah Index (DSES) gained 23.40 points to close at 1,442.
Losers, however, took a modest lead over the gainers, as out of 378 issues traded, 155 closed lower, 131 higher and 92 others remained unchanged on the DSE trading floor.
Orion pharma became the most-traded stock with shares worth Tk 2.30 billion changing hands.
The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index (CASPI) soaring 207 points to settle at 19,196 and its Selective Categories Index (CSCX) rising 125 points to close at 11,506.
Of the issues traded, 113 advanced, 112 declined and 63 issues remained unchanged.
The port-city bourse traded 9.16 million shares and mutual fund units with a turnover value of Tk 431 million.
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