The daily turnover on Dhaka Stock Exchange (DSE) exceeded the Tk 8.0 billion mark on Thursday, as investors took fresh exposure to the banking sector.
Turnover, a crucial indicator of the market, reached Tk 8.70 billion on the country's premier bourse, jumping 14 per cent from the previous day's transaction of Tk 7.65 billion.
It was the biggest single-day transaction since October 11 when the turnover totalled a record Tk 10.92 billion.
Along with rising turnover, DSEX, the prime index of the Dhaka bourse, continued to keep its gaining momentum, closing 34.49 points higher at 6,193 points.
DSEX, which replaced the DGEN in nearly five years back, added more than 121 points or 2.0 per cent in the past four consecutive sessions.
The two other indices -- the DS30 index and the DSE Shariah Index (DSES) -- also followed suit to end at 2,244 and 1,341 points, after gaining 14.22 points and 4.43 points respectively.
Brokers said the market maintained the bullish trend for the four straight sessions, as the enthusiastic investors chased the banking sector stocks.
"The market continued the bullish trend for the four consecutive sessions as the enthusiastic investors were active for the banking, food and engineering sector stocks," commented EBL Securities, a stockbroker, in its regular market analysis.
It noted that the core index remained positive throughout the session as optimistic investors kept buying sector-wise stocks while some rebalanced their portfolios.
Meanwhile, share price of newly listed Oimex Electrode continued to decline for the three consecutive sessions after unusual hike during its debut trading on Monday.
The company's share price fell 7.63 per cent to close at Tk 98.10 on Thursday, after jumping more than tenfold during the debut trading, which experts termed 'unusual'.
Block trade contributed Tk 241 million to the day's total turnover, with stocks like BATBC, Square Pharmaceuticals, Singer Bangladesh and Beximco Pharma dominating the block trade board.
Among the major sectors, pharmaceuticals posted the highest gain of 1.22 per cent, followed by banking sector (0.83 per cent), food & allied (0.67 per cent), engineering (0.33 per cent), financial institutions (0.03 per cent) and power (0.03 per cent).
Only telecommunication sector faced a 0.45 per cent correction.
A total number of 0.140 million trades were executed in the day's trading session, with trading volume totalling 231.71 million securities.
The total market capitalisation of the DSE stood at Tk 4,179 billion against Tk 4,168 billion in the previous session.
Losers, however, took a modest lead over the gainers, as out of 325 issues traded, 140 closed lower, 130 closed higher and 55 remained unchanged on the DSE trading floor.
City Bank dominated the turnover chart for the second day in a row with 10.35 million shares changing hands, closely followed by Dhaka Bank, LankaBangla Finance, Brac Bank and Keya Cosmetics.
Reckitt Benckiser was also the day's best performer, posting a gain of 6.24 per cent while Qasem Drycells was the day's biggest loser, shedding 12.35 per cent.
The port city bourse, Chittagong Stock Exchange (CSE), also ended higher, with its Selective Categories Index -- CSCX --gaining more than 62 points to close at 11,618.
Losers beat gainers, as 113 issues closed lower, 97 closed higher and 37 remained unchanged on the CSE.
The port city bourse traded 16.04 million shares and mutual fund units, generating a turnover of Tk 483 million.
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