Dhaka, Bangladesh (BBN)– Dhaka stocks bounced back on Sunday amid fall in turnover value and volume, and at the same time the key index of DSE crossed the 5,000 points mark again, as the investors went for fresh buying.
The market analysts said the ongoing positive market trend has boosted up the investors’ confidence and they went for fresh buying.
The market shot up almost 50 points within first an hour upon resumption of the day’s trading and the uptrend continued until the market closure and finally ended the day almost 132 points higher.
The benchmark general index of the Dhaka Stock Exchange (DGEN) gained 131.90 points or 2.64 percent to close at 5,122.23.
The broader All Shares Price Index (DSI) gained 114.20 points or 2.73 per cent to close at 4,287.15. The DSE-20 Index comprising blue-chip shares also advanced 43.75 points or 1.15 per cent to close at 3,820.96.
The gainers took a strong lead over the losers, as out of 267 issues traded, 233 advanced, 30 declined and four remained unchanged.
The total turnover value stood at BDT 8.14 billion against BDT 9.33 billion in the previous session.
A total of 158.96 million shares changed hands on the day against 184.40 million in the previous session. The trade deals also decreased to 181,616 against Thursday’s 217,366.
The total market capitalization of the DSE stood at BDT 2,627.10 billion against BDT 2,572.11 billion in the previous session.
All the major sectors closed higher on the day, with non-banking financial institutions (NBFIs) and fuel and power gained the most 5.76 percent and 5.56 percent respectively.
Telecommunications, pharmaceuticals and banks closed 2.24 percent, 1.60 percent 0.93 percent higher.
Titas Gas topped the turnover list with shares worth BDT 363.19 million changed hands.
The other turnover leaders were Jamuna Oil, Beximco Limited, Grameenphone, MJL Bangladesh, United Airways, MI Cement, Meghna Petroleum, Summit Power and DESCO.
National Tubes was the day’s highest gainer posting a rise of 9.96 per cent. It was followed by Monno Ceramics, DESCO, IPDC, MJL Bangladesh, City General Insurance, Eastern Lubricants, Power Grid, IDLC Finance and IFIL Islamic Mutual Fund One.
The day’s worst losers included Premier Bank, OCL, Reliance Insurance, Summit Alliance Port, Modern Dyeing, Midas Financing, Hakkani Pulp and Paper, Kay and Que, Rekitt Benkiser and United Airways.
BBN/SSR/AD-01April12-10:15 pm (BST)