The stock market closed higher on Sunday, maintaining the winning streak for the fourth straight session, as investors put fresh bets on large-cap stocks.
The market started on a positive note and the upbeat trend sustained until the end of the session with no signs of reversal, eventually ending over 40 points higher.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 40.77 points or 0.58 per cent to settle at 7,064. DSEX added around 137 in the past four trading days.
Two other indices also ended higher. The DS30 index, comprising blue chips, rose 19.19 points to finish at 2,611 and the DSE Shariah Index also gained 9.75 points to close at 1,513.
Turnover, an important indicator of the market, stood at Tk 13.35 billion, which was 5.86 per cent higher than the previous day’s tally of Tk 12.61 billion.
Market analysts said the investors showed their buying interest in major sector stocks based on the latest quarterly earnings declarations.
Losers, however, took a modest lead over the gainers, as out of 380 issues traded, 177 declined, 155 advanced and 48 issues remained unchanged on the DSE trading floor.
A total number of 250,891 trades were executed in the day’s trading session with a trading volume of 280.16 million shares and mutual fund units.
The market capitalisation of the DSE stood at Tk 5,670 billion on Sunday, up from the previous day’s mark of Tk 5,621 billion.
Beximco - the flagship company of Beximco Group- topped the turnover chart with shares worth Tk 1.04 billion changing hands, followed by Bangladesh Shipping Corporation (Tk 960 million), BATBC (Tk 578 million), ACME Laboratories (Tk 525 million), and Bangladesh Building Systems (Tk 455 million).
Reliance Insurance was the day’s top gainer, posting a gain of 9.95 per cent while BD Thai Aluminum was the worst loser, losing 6.45 per cent.
The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—rising 138 points to close at 20,715 while the Selective Categories Index – CSCX gained 84 points to close at 12,443.
Of the issues traded 150 advanced, 130 declined and 27 issues remained unchanged on the CSE.
The port city bourse traded 16.52 million shares and mutual fund units with a turnover value of Tk 534 million.
