Dhaka, Bangladesh (BBN) - Dhaka stocks extended its gaining streak for the fourth running session on Tuesday with turnover rising to three and a half month high as participation of investors increasing gradually.
Market analysts said that investors continued to buy shares expecting better days ahead as they are optimistic about the prospects of a market revival under the new leadership.
The market started the day with a flying note, gaining almost 100 points within first half an hour. The momentum continued until the closure, as the investors went for fresh buying mainly in banking and financial institutions issues.
The benchmark general index of the Dhaka Stock Exchange (DGEN), the yardstick of the market went up by 97.03 points or 2.07 percent to close at 4,769.50.
The broader All Shares Price Index (DSI) soared 76.93 points or 1.96 percent to close at 3,990.28. The DSE-20 Index comprising blue-chip shares closed also gained 79.78 percent or 2.20 percent to close at 3,691.21.
Total turnover value increased significantly and stood at BDT 5.75 billion against BDT 4.82 billion in the previous session which was three and a half month high since January 8. On January 8, turnover was BDT 6.15 billion.
The gainers took a strong lead over the losers as out of 259 issues traded, 223 advanced, 29 declined and seven remained unchanged.
A total of 125.06 million shares changed hands on the day against 92.76 million in the previous session. The trade deals also increased to 155,550 against Monday’s 124,741.
The total market capitalization of the DSE stood at BDT 2,468.89 billion against BDT 2,439.28 billion in the previous session.
Among the major sectors, non-banking financial institutions (NBFIs) gained the most of 3.27 percent followed by banks which ended 3.11 percent higher.
Pharmaceuticals, fuel and power gained 1.44 percent and 0.51 percent while telecommunications lost 1.09 percent on the day.
Beximco Limited continued to top the turnover chart with shares worth BDT 260.57 million changing hands.
The other turnover leaders were United Airways, GP, Sumit Power, Jamuna Oil, Keya Cosmetics, Peoples Leasing, Aftab Automobiles, Titas Gas and MI Cement.
BD Lamps was the day’s highest gainer posting a rise of 15.02 percent.
It was followed by BD Services, Union Capital, Republic Insurance, Deshbandhu Polymer, Miracle Industries, ONE Bank, Islamic Finance, Mithun Knitting and Prime Finance.
The day’s worst losers included Samata Leather, Samorita Hospital, Kay and Que, Keya Cosmetics, First Bangladesh Fixed Income Fund, CVO Petrochemical Refinery, Ocean Container Ltd, PHP First Mutual Fund, S Alam Cold Rolled Stills and Lafarge Surma Cement.
BBN/SSR/AD-20Mar12-11:55 pm (BST)
