The turnover on Dhaka Stock Exchange (DSE) hit a four and a half months high as investors put money afresh on stocks on Monday.
Turnover, a crucial indicator of the market, stood at Tk 6.91 billion on the premier bourse, climbing further by 11 per cent over the previous day's mark of Tk 6.22 billion.
It was the biggest single-day transaction in the last four and a half months since November 28 last year, when the turnover totaled a record Tk 8.13 billion.
Market insiders attributed the current market trend to investors' growing confidence and fresh investment in the market, following the government's recent steps to ease the ongoing liquidity shortage.
"The investors went for fresh buying shares amid hopes for more liquidity following a number of steps taken by the government to increase fund flow to the financial market," said a stockbroker.
He noted that many of the investors regained confidence over the market after remaining on the sidelines due to a prolonged fear over liquidity crisis.
Apart from the rising turnover value, DSEX, the prime index of the DSE, continued to hold its positive momentum for the fourth straight session, adding 14 points more to settle at 5,879 points.
DSEX added nearly 89 points in the past four consecutive sessions.
"After volatility, index closed with moderate gain led by engineering followed by textile miscellaneous sector," commented AT Capital Partners.
The asset management company noted that the turnover reached almost Tk 7.0 billion-mark backed by investors buying spree.
The two other indices also closed marginally higher with the DS30 index, comprising blue chips, advanced 8.62 points to finish at 2,207 and the DSE Shariah Index (DSES) gained 3.87 points to close at 1,363.
Engineering sector dominated the turnover chart - the sector accounted for 16 per cent of total turnover, followed by textile 14 per cent and miscellaneous 12 per cent.
According to International Leasing Securities, the market continued the bullish trend for the fourth consecutive sessions as the excited investors were active on the trading floor.
The stockbroker noted that the investors were mostly showed interest in textile, fuel & power, pharmaceutical and engineering sectors while some investors booked profit on financial institutions, food and IT sectors in the session.
The large-cap sectors showed mixed performance. Fuel & power witnessed the highest gain of 0.56 per cent, followed by pharmaceuticals 0.38 per cent, and engineering 0.28 per cent.
On the other hand, non-bank financial institutions witnessed the highest correction of 1.88 per cent after 2.16 per cent gain in the previous day. It was followed by food & allied with 1.02 per cent, banking 0.10 per cent and telecommunication 0.09 per cent.
The gainers took a modest lead over the losers as out of 334 issues traded, 149 closed higher, 143 ended lower and 42 issues remained unchanged on the DSE trading floor.
Beximco continued to dominate the turnover chart with 17.99 million shares worth Tk 536 changing hands, followed by BRAC Bank, IFAD Autos, United Power and Fortune Shoes.
Central Pharmaceuticals was the day's best performer, posting a gain of 8.48 per cent while Renwick Jajneswar was the day's worst loser, shedding 5.10 per cent.
Port city bourse CSE also closed marginally higher with the CSE All Share Price Index - CASPI - gaining 67 points to settle at 18,155 and Selective Categories Index - CSCX -advancing 42 points to finish at 10,974 points.
The gainers beat the losers as 126 issues closed higher, 94 loser and 24 remained unchanged on the CSE.
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