Stocks extended the rally for the second straight session on Wednesday as investors showed their buying interest in major sector issues riding on regulatory moves.
The market opened higher and the upbeat trend sustained until the end of the session with no sign of reversal.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 76.34 points or 1.16 per cent to settle at 6,606. DSEX recovered 124 points in the past two consecutive sessions.
Two other indices also ended higher with the DSE30 Index, comprising blue chips, rising 27.71 points to finish at 2,463 and the DSE Shariah Index (DSES) rose 10.72 points to close at 1,454.
Turnover, a crucial indicator of the market, stood at Tk 6.05 billion on the country’s premier bourse, which was 0.85 per cent higher than the previous day’s tally of Tk 6.0 billion.
Market operators said the stocks kept rising as the bargain hunters kept their buying spree on sector-wise stocks.
Some institutional investors, including the state-run Investment Corporation of Bangladesh, also started to buy fundamentally sound stocks, they said.
“The aggressive selling off shares were halted following the Bangladesh Securities and Exchange Commission’s intervention,” according to a leading broker.
Gainers took a strong lead over the losers as out of 379 issues traded, 269 advanced, 78 declined, and 32 issues remained unchanged on the DSE trading floor.
Beximco topped the turnover list with shares of Tk 537 million changing hands, followed by JMI Hospital Requisite Manufacturing (Tk 433 million), IPDC Finance (Tk 352 million), Bangladesh Submarine Cable (Tk 351 million) and Bangladesh Building Systems (Tk 137 million).
JMI Hospital Requisite Manufacturing continued to top the gainer list, posting a 9.98 per cent gain, while Aramit was the day’s worst loser, losing 1.99 per cent.
The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index - CASPI –rising 218 points to settle at 19,450 and the Selective Categories Index - CSCX –rose 130 points to close at 11,669.
Of the issues traded, 172 advanced, 66 declined, and 24 issues remained unchanged on the CSE.
The port-city bourse traded 11.55 million shares and mutual fund units with a turnover value worth Tk 324 million.
