Stocks extended the rally for the fifth consecutive session on Sunday.
Three indices of the Dhaka Stock Exchange (DSEX) hit new peaks riding on blue chip issues.
The market opened on a positive note and upbeat trend sustained till end of the session as the buoyant investors put fresh funds on major sector stocks, particularly on blue chip issues.
DSEX, the prime index of the DSE, went up 27 points or 0.36 per cent to settle at 7,356-the highest since its inception nearly nine years back on January 27, 2013.
Two other indices followed suit to close at their record highs. The DSE 30 Index, comprising blue chips, jumped 31.18 points to finish at 2,741 and the DSE Shariah Index (DSES) advanced 1.87 points to finish at 1,593.
Positive growth of the blue-chip companies such as British American Tobacco, Beximco, Beximco Pharma and Delta Life Insurance pulled the index up and these four blue chips accounted for 34 points to the DSEX, said a merchant banker.
Investors were attracted to good and large-cap stocks instead of low paid-up capital stocks in the past few days, he said. Out of 30 blue-chips, prices of 18 rose, 11 dropped while one remained unchanged, according to DSE data.
Turnover, another important indicator of the market, stood at Tk 24.39 billion on the prime bourse, which was 2.58 per cent lower than the previous day's tally of Tk 25.02 billion.
Market analysts said stocks extended the rally for the 5th consecutive session as buoyant investors are putting fresh bets on major stocks anticipating positive momentum ahead.
The general investors and high net worth individual investors are continuing to put fresh funds into the market targeting capital gains due to the lower return in the money market, they said.
The news of Bangladesh's prospects of keeping exporting to the European Union duty-free have brightened as the bloc has proposed to update rules to allow a growing number of graduating LDCs to qualify for the preferential trade benefit have positively tempted the investors, according to International Leasing Securities.
Buoyancy in the large cap sectors, particularly in food, miscellaneous, power and financial institution sectors led the benchmark index to end high.
The food sector surged by 2.10 per cent riding on the sector heavyweight BATBC which gained 2.86 per cent alone followed by power with 0.90 per cent, financial institutions 0.60 per cent and pharma 0.20 per cent.
On the other hand, general insurance suffered most, losing 3.60 per cent, followed by banking with 0.40 per cent, telecom 0.40 per cent and engineering 0.20 per cent.
However, more than 57 per cent traded issues saw price fall as out of 376 issues traded, 216 closed lower, 109 higher and 51 issues remained unchanged on the DSE trading floor.
LafargeHolcim Bangladesh topped the DSE turnover list for the three consecutive days with shares worth Tk 1.29 billion changing hands, closely followed by Beximco (Tk 1.14 billion), Orion Pharma (TK 1.09 billion), LankaBangla Finance (Tk 806 million) and Delta Life Insurance (Tk 578 million).
Fortune Shoes was the day's top gainer, posting a 9.17 per cent gain while eastern Insurance was the worst loser, losing 9.97 per cent.
The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index - CASPI -gaining 133 points to settle at 21,510 and the Selective Categories Index - CSCX-- rising 81 points to close at 12,917.
Of the issues traded, 177 declined, 118 advanced and 26 remained unchanged on the CSE trading floor.
The port-city bourse traded 20.87 million shares and mutual fund units with turnover value of Tk 790 million.
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