Stocks posted modest gain Tuesday after losing in the previous session, with daily turnover hitting this year's highest as investors went for late hour buying spree on large-cap stocks.
The single-day turnover on the Dhaka Stock Exchange (DSE) crossed Tk 4.0 billion and stood at Tk 4.52 billion, registering an increase of 43.73 per cent over the previous session's Tk 3.14 billion.
It was also the highest turnover in four months since on 4 December 2014 when turnover was Tk 5.13 billion. However, the ever highest turnover was recorded Tk 32.49 billion on December 5, 2010 when the market was bullish.
The stock market exhibited a volatile session amidst the mixed sentiment from the investors. At the end of the session, DSEX, the prime index of the DSE went up by 21.20 points or 0.47 per cent to close at 4,530.48 points.
The two other indices also ended in the green. The DS30 index, comprising blue chips gained 10.98 points or 0.63 per cent to close at 1,728.47 points. The DSE Shariah Index (DSES) rose 6.44 points or 0.58 per cent to close at 1,103.13 points.
The total turnover on DSE amounted to Tk 4.52 billion, registering an increase of 43.73 per cent over the previous day's value of Tk 3.14 billion.
The investors' attention was mostly focused on power, pharma and engineering -the sectors that accounted for 24 per cent, 17 per cent and 11 per cent of the day's total turnover respectively.
"The bourse observed an influx of money from the sideline, especially in the large-cap in search of safe bets, consolidating a total turnover of Tk 4.52 billion, which is the highest turnover of the year," said IDLC Investments in an analysis.
International Leasing Securities said the country's leading stock exchange closed upper note amidst increased participation from the investors.
"Pessimist investors went for selling pressure in the early hours of session, but optimist investors started to take position on the fundamental stocks in the ending hour, helping indices to spur," said the International Leasing.
LankaBangla Securities said although there was a lot of up and down movements during the day, increased participation of the investors ultimately took the trading session to the green zone.
On capital market update, six associations related to the equity and money markets will form a new platform, Bangladesh Financial Market Forum, which will primarily work for the stabilization, expansion and vibrancy of the ailing capital market.
The large-cap sectors reckoned mixed performance. Bank and cement ended in red losing 0.82 per cent and 0.16 per cent respectively.
Food and allied posted a heavy gain of 2.53 per cent. Fuel and power and NBFIs also posted a decent gain of 1.70 per cent and 1.61 per cent. Telecommunication and pharmaceuticals registered a gain of 1.50 per cent and 0.71 per cent respectively.
Broad market view remained pessimistic as issues advanced 123 were outnumbered by issues declined 147. Forty three issues however remained unchanged on the prime bourse.
Activities increased in the major bourse where trade and volume were up by 20.62 per cent and 35.84 per cent respectively. A total number of 0.106 million trades were executed with trading volume of 87.84 million securities.
The market capitalisation on DSE stood at Tk 3,172.29 billion against Tk 3,150.71 billion in the previous session.
MJL BD was the day's top turnover chart with shares worth Tk 439.51 million changing hands followed by GP, ACI, KPCL and Lafarge Surma Cement.
First Bangladesh Fixed Income Fund was the day's highest gainer, posting a rise of 9.25 per cent while BD Welding was the worst loser, plunging by 6.02 per cent.
The port city bourse, Chittagong Stock Exchange (CSE) also returned to green with its Selective Categories Index - CSCX - gained 32.98 points to close at 8,434.33 points.
Losers beat gainers 114 to 100, with 30 issues remaining unchanged at the port city bourse that traded 18.92 million shares and mutual fund units, turnover value of Tk 449.98 million.
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