Stocks soared Tuesday with the key index of the major bourse crossing the 5,500-mark after a week, as optimistic investors continued their appetite on sector-wise stocks.
The market opened on a positive note 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 81.44 points or 1.50 per cent to settle at 5,508. DSEX added 104 points in the two consecutive sessions.
Two other indices also ended higher. The DSE 30 Index, comprising blue chips, advanced 38.75 points to finish at 2,108 and the DSE Shariah Index (DSES) rose 16.66 points to close at 1,245.
Turnover, a crucial indicator of the market, also soared to Tk 8.34 billion, which was 35 per cent higher than the previous day’s turnover of Tk 6.60 billion.
Gainers took a strong lead over the losers as out of 359 issues traded, 233 advanced, 42 declined and 84 remained unchanged on the DSE trading floor.
Market operators said bargain hunters showed their buying appetite on sector-specific issues which saw price erosion in the past few trading sessions.
The top positive index contributors were Robi, Beximco, Beximco Pharma, BATBC and LankaBangla Finance, according to data from amarstock.com, a stock market data analyst.
Business conglomerate Beximco Group companies continued to rise with the heavyweight drug maker Beximco Pharma shares soared 6.70 per cent and Beximco gained 2.52 per cent.
British American Tobacco Bangladesh topped the turnover chart ahead of a record date with shares worth about Tk 1.05 billion changing hands, followed by Beximco (Tk 984 million), Beximco Pharma (Tk 633 million), Robi (Tk 546 million) and LankaBangla Finance (Tk 339 million).
Peninsula Chittagong was the day’s best performer, posting a gain of 10 per cent while Padma Life Insurance was the worst loser, losing 3.72 per cent.
A total number of 156,394 trades were executed in the day’s trading session with a trading volume of 216.95 million shares and mutual fund units.
The market-cap of DSE also rose to Tk 4,722 billion on Tuesday, up from Tk 4,671 billion in the previous day.
The Chittagong Stock Exchange (CSE) also saw a sharp rise with the CSE All Share Price Index – CASPI –soaring 329 points to settle at 16,016 and the Selective Categories Index – CSCX rising 196 points to close at 9,656.
Of the issues traded, 168 gained, 27 declined and 45 remained unchanged on the CSE.
The port city’s bourse traded 11.86 million shares and mutual fund units with a turnover value of Tk 334 million.