Dhaka, Bangladesh (BBN) - Dhaka stocks returned to positive territory on Thursday after two session of losing streak amid volatile trading throughout the session with declining turnover value.
The market opened with a positive note, gaining more than 40 points within first ten minutes. However, it experienced fluctuation till 2:00 pm, but last hour steadily went up and finally ended 78 points higher.
The benchmark General Index, the gauge of Dhaka Stock Exchange--- (DGEN), went up by 78.04 points or 1.55 percent to close at 5,098.91.
“The market sentiment was quite different from yesterday’s one. Initially, there was a jittery, but the sale pressure was extremely lower than the index level,” LankaBangla Securities said in its analysis.
During the second session of trading, both the volume and the index started gaining momentum. Fuel and power sector was extremely bullish in the upturn, it said. “Investors went back home with a happy weekend gain.”
The turnover value, however, continued to decline for the three consecutive trading sessions and stood at BDT 5.22 billion, down by 9.00 percent compared to BDT 5.73 billion in the previous session.
Most of the issues traded at the DSE gained on the day. Out of 254 issues traded, 211 advanced, 33 suffered loss and 10 remained unchanged.
Titas Gas topped the turnover list with shares worth BDT 308.64 million changing hands.
The other turnover leaders were DESCO, MJL BD, Jamuna Oil, Grameenphone, Lafarge Surma Cement, Beximco Limited, RN Spinning, National Bank and BSRM Steels.
ACI Formula was the day’s highest gainer posting a rise of 9.03 percent while BD Finance was the worst loser.
BBN/SSR/AD-05Apr12-9:10 pm (BST)
