Dhaka stocks closed with an extended gain for the second consecutive session Tuesday led mainly by banking issues with the turnover still lying low.
All the market barometers -the benchmark DSE General Index (DGEN), All Shares Price Index and DSE-20 -rose 12.68 points, 8.81 points and 6.44 points to close at 2696.09, 2313.49 and 2484.95 respectively.
The Dhaka Stock Exchange (DSE) opened with a buoyant mood, pushing up the key index around 37 points for the first hour of the trade and later, it shed some points towards close of the trade.
"The intra day volatility was 37 points, reflecting that the investors, shocked by the long bearish spell, are still hesitant about going for fresh buying," an expert said adding that the time is yet not ripe to comment on sustainability of the two-day gaining streak.
He said, it has still a long way to go to recover the losses suffered by the market over the last couple of months to attain the sustained bull-run.
Dominated by gainers, the total turnover slightly increased to Tk 2.12 billion against the previous day's Tk 2.02 billion. Of the total turnover, the top ten leaders accounted for around 54 per cent.
Out of 228 issues traded, 125 advanced, 86 declined and 17 remained unchanged.
The total market capitalisation rose to Tk 944.40 billion against Tk 940.51 billion.
Share prices of Titas Gas dropped 1.04 per cent to finish at Tk 353.50 a share. But it, accounted for 12 per cent of the day's turnover, retaining the top turnover position with shares worth Tk 251.63 million traded.
Beximco Limited was the second top turnover leader with shares worth Tk 166.15 million traded and its share prices continued to increase registering a rise of 5.12 per cent to end at Tk 127.20 per share.
ACI Limited, Beximco Pharma, Lanka Bangla Finance, Square Pharma, BATBC, Union Capital, Islami Bank and Keya Cosmetics were the other turnover leaders on the day.
Stock prices of the Dulami Cotton was the top gainer with a rise of 7.77 per cent, followed by ACI 6.82 per cent, The Ibn Sina 6.65 per cent, Padma Oil 6.42 per cent, HR Textile 6.09 per cent and Gachihata Aquaculture 5.97 per cent.
