Dhaka, Bangladesh (BBN) - Dhaka stocks surged more than two per cent on Sunday, the opening day of the week with turnover hitting almost three months high as investors’ went for buying shares cheerfully.
Market analysts said that continued positive market trend boosted up the investors confidence and encouraged them to take fresh position in the market.
The market shot up more than 70 points within first half an hour and the uptrend continued till the market closure amid moderate ups and down and finally ended more than 104 points higher.
The benchmark general index of the Dhaka Stock Exchange--- (DGEN), the yardstick of the market ended 4,863.48, rising 104.34 points or 2.19 percent.
Out of 264 issues traded, 227 advanced, 24 declined and 13 remained unchanged.
Turnover value increased significantly and stood at BDT 6.91 billion, up by 55.98 percent compared to BDT 4.43 billion in the previous session.
This was also the highest turnover since January 4, 2012, when it was recorded BDT 8.07 billion.
Fuel and power dominated the day’s trading, while banks lagged slightly behind in terms of turnover.
All the sectors gained on the day with non-banking financial institutions (NBFIs) and fuel and power sector gained 4.53 percent and 3.53 percent the most, among the major sectors.
Telecommunications and pharmaceuticals gained 3.02 percent and 2.90 percent respectively while banks gained marginally by 0.56 percent.
Bexmico Limited topped the turnover list with shares worth BDT 345.72 million changing hands.
IDLC was the day’s highest gainer posting a rise of 9.75 percent while Green Delta Insurance was the worst loser.
BBN/SSR/AD-25Mar12-9:20 pm (BST)
