Turnover on the premier bourse crossed Tk 10- billion mark on Sunday following investors' 'enthusiastic' participation in share trading.
The Dhaka Stock Exchange (DSE) posted the highest turnover on the day after September 13, 2018.
The market operators said turnover was rising as investors were injecting fresh funds.
At the end of the Sunday's session, turnover stood at over Tk 10.26 billion which was 11 per cent higher than that of the previous session.
On Thursday, turnover hit four-month high and settled at over Tk 9.24 billion.
Most of the listed securities went green and market capitalisation on the DSE also crossed Tk 4.0-trillion mark after April 26, 2018.
The DSE broad index, DSEX, gained 96.53 points and settled at 5,687 points.
The DSEX posted another gain of 94 points in the session on Thursday last.
According to information available with DSE, DSEX continued with its uptrend in last eleven sessions in a row since December 17, 2018. During the period, the broad index gained 469 points.
Dr AB Mirza Azizul Islam, former chairman of the securities regulator, said the market is still underpriced but a single-day rise of 96 points is not rational.
"Investors' participation is increasing as uncertainty over the national election has been removed," said Mr Islam, also a former adviser to the caretaker government.
Expressing optimism about a good investment atmosphere in the country's capital market he said, "But the authorities concerned must keep close watch on the market so that bubble cannot take place riding on irrational market movement."
Of 346 issues traded on Sunday, 265 advanced, 62 declined and 19 remained unchanged on the premier bourse.
Following the investors' increased participation, the mutual funds witnessed the highest return in market cap.
The sector, which was in dire straits for a long time, posted 3.80 per cent return in market cap.
Of other major sectors, bank witnessed 2.30 per cent return, telecommunications 2.10 per cent and pharmaceuticals & chemicals 1.40 per cent.
A merchant banker said net buy in different merchant banks and brokerage firms increased in a couple of sessions.
"Perhaps investors are taking positions in securities injecting funds that were kept free," the merchant banker said preferring anonymity.
According to market reviews of merchant banks, the Sunday's turnover value was mainly driven by some major sectors such as bank, textile, engineering and pharmaceuticals & chemicals.
© 2024 - All Rights with The Financial Express
