Dhaka, Bangladesh (BBN)- Dhaka stocks gained slightly on Wednesday breaking three straight sessions' losing streak with substantially low turnover, market operators said.
The market opened with a positive note, gaining more than 20 points within 20 minutes. After that the market witnessed slow sell-off amid volatility. However, during the last hour it witnessed aggressive buying pressure and finally ended 29 points higher.
The benchmark General Index of the DSE, the main gauge of the market, went up by 29.94 points or 0.49 per cent to close at 6,095.54.
The broader All Shares Price Index (DSI) rose 24.53 points or 0.48 percent to close at 5,101.37. The DSE-20 Index comprising blue-chip shares also advanced 12.49 points or 0.30 percent to close at 4,146.55.
The market operators also said the market ended in positive territory amidst declining turnover value, as buyers stepped in around 6,000 points level which is presumably acting as a positive support for the market.
Turnover value continued to decline as liquidity crisis persisted in the stock market. The day's turnover value stood at BDT 3.08 billion, in value term, down by 15.90 percent, from BDT 3.66 billion in the previous session.
Share prices of most of the issues traded on the day advanced. Out of 253 issues traded, 164 advanced and 76 declined while 13 remained unchanged.
Banking sector gained 0.60 percent, whereas insurance, textile and fuel and power sectors appreciated by 0.60 percent, 1.10 percent and 0.60 percent respectively, according to market report.
The non-banking financial institutions (NBFIs) and cement sectors ended flat on the day.
BBN/SSR/AD-08Sept11-1:16 am (BST)