Stocks extended the gaining streak for the fourth session in a row Monday, with turnover hitting four-and-a-half months high, as enthusiastic investors continued to show their buying appetite on sector-wise stocks.
Dealers said the market maintained the positive momentum as investors regained some confidence riding on various steps taken by the government to ease the ongoing liquidity crunch.
After witnessing volatility in the first half of the trading session, the last half went up steadily, finally ended more than 14 points higher.
DSEX, the core index of the Dhaka Stock Exchange (DSE), settled at 5,879, advancing 14.03 points or 0.24 per cent over the previous session.
The two other indices also closed marginally higher with the DS30 index, comprising blue chips, advanced 8.62 points to finish at 2,207 and the DSE Shariah Index (DSES) gained 3.87 points to close at 1,363.
Turnover, the another crucial indicator of the market, soared and the total turnover stood Tk 6.91 billion, which was 10 per cent higher than the previous day’s Tk 6.22 billion.
It was also the highest single-day transaction in four and a half months since November 28 last year when the turnover was Tk 8.13 billion.
The gainers took a modest lead over the losers as out of 334 issues traded, 149 closed higher, 143 ended lower and 42 issues remained unchanged on the DSE trading floor.
Beximco continued to dominate the turnover chart with 17.99 million shares worth Tk 536 changing hands, followed by BRAC Bank, IFAD Autos, United Power and Fortune Shoes.
Central Pharmaceuticals was the day’s best performer, posting a gain of 8.48 per cent while Renwick Jajneswar was the day’s worst loser, shedding 5.10 per cent.
Port city bourse CSE also closed marginally higher with the CSE All Share Price Index–CASPI–gaining 67 points to settle at 18,155 and Selective Categories Index–CSCX–advancing 42 points to finish at 10,974 points.
Here too, the gainers beat the losers as 126 issues closed higher, 94 loser and 24 remained unchanged on the CSE.
The port city bourse traded 12.38 million shares and mutual fund units worth more than Tk 330 million in turnover.
