Monday's turnover on the Dhaka Stock Exchange (DSE) crossed Tk 10 billion for the first time in six months in the second trading session after the floor price removal.
Turnover, a crucial indicator of the market, was recorded at Tk 10.42 billion on the country's premier bourse, having surged 77 per cent from the previous day. It was the biggest single-day transaction since July 7 last year when the turnover was Tk 10.44 billion.
Along with high turnover, the prime index of the DSE also rebounded from the massive plunge the day before and closed in the green zone.
The DSEX rose 14.05 points to settle at 6254, after losing more than 96 points the previous day.
On Monday, bargain hunters took control of the trading floor and bagged the oversold stocks that they believed to be at lucrative price levels, said EBL Securities.
Square pharmaceuticals, Khan Brothers Knitwear Industries, Navana Pharmaceuticals, United Commercial Bank, LafargeHolcim Bangladesh, Olympic Industries, Aftab Automobiles, Unique Hotel and Resorts, Olympic Accessories, and JMI Hospital Requisite Manufacturing jointly accounted for 90 per cent of the rise of the index.
Buyers' dominance prevailed throughout the session as many investors decided to pour fresh funds into equities. As a result, many scrips, which had almost no buyers with the floor price in place, found buyers on Monday, said EBL Securities.
Of the 392 issues traded, 145 declined, 207 advanced and 40 issues remained unchanged on the DSE trading floor.
On the sectoral front, pharmaceutical companies saw the highest turnover making up 13.5 per cent of the total market turnover, followed by engineering 12.7 per cent and general insurance 9.2 per cent.
Sectors displayed mixed returns. Engineering lost 5.5 per cent of its market value, while financial institutions 4.6 per cent and textile 3.9 per cent.
On the other hand, the jute, IT and paper sectors gained 3.7 per cent, 1.6 per cent and 1.6 per cent respectively.
The Chittagong Stock Exchange (CSE) ended lower, with the CSE All Share Price Index (CASPI) losing 94 points to settle at 18235 and the Selective Categories Index (CSCX) shedding 51 points to 10913.
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