Turnover on DSE crosses Tk 3.0 billion-mark

Stocks witnessed another positive session Thursday, extending their gaining streak for the eight straight sessions as investors continued their buying mood defying political unrest.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up further by 31.18 points or 0.64 per cent to close at 4,841.72 points after witnessing volatility throughout the session.
The two other indices also ended in green territory. The DS30 index, comprising blue chips gained 7.44 points or 0.41 per cent to close at 1,812.35 points. The DSE Shariah Index (DSES) moved up by 4.55 points or 0.39 per cent to close at 1,149.97 points.
Turnover on DSE crossed Tk 3.0 billion-mark for the second running sessions and amounted to Tk 3.25 billion, registering a decline of 6.09 per cent over the over the previous session's value of Tk 3.46 billion.
The investors' attention was mostly focused on engineering, power and pharma - the sectors that accounted for 13.2 per cent, 12.9 per cent and 12.1 per cent respectively of the day's total turnover.
"Lucrative bargain opportunity and growing confidence among investors defying political strife, helped the market to extend its gaining streak for another session," said International Leasing Securities in an analysis.
The market recovered a sum of 223.29 points or 4.83 per cent in the last eighth consecutive sessions which is abetting investors to become confident about market sentiment, said the International Leasing.
"Expectation on upcoming year-end corporate declarations is also contributing to uphold positive walk in indices," it said.
"Price appreciation of banks and financial institutions helped to spur the index despite price fall in few large-cap stocks," the International Leasing added.
LankaBangla Securities said: "It was another shining day for the stock market as most of the large and mid-cap stocks extended gain".
IDLC Investments said: "Investors' preference to micro and mini cap stocks fostered significant volatility across the board, with 65 out of 308 traded issues changing more than 3.0 per cent of their respective prices".
Like previous day, the investors' participation was also prominent, settling turnover above Tk 3.0 billion for the second consecutive day, the merchant bank added.
All the major sectors closed the day green, except telecommunication which ended in red retracing 0.77 per cent.
NBFIs gained the most going up by 1.02 per cent. Pharmaceuticals, banks and power went up by 0.58 per cent, 0.34 per cent and 0.29 per cent respectively. Cement moved up by 0.14 per cent. Food and allied sector closed flat with no significant movement.
The gainers took a modest lead over the losers out of 308 issues traded, 219 advanced, 57 declined and 32 remained unchanged on the DSE floor.
Activities increased in the major bourse where volume and trade were up by 2.41 per cent and 0.30 per cent respectively. A total number of 0.096 million trades were executed with trading volume of 94.52 million securities.
The port city bourse, Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index - CSCX - gained 55.02 points to close at 8,979.16 points.
Gainers beat losers 177 to 42, with 25 issues remaining unchanged at the port city bourse that traded 9.80 million shares and mutual fund units, turnover value of Tk 286.25 million.
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