The broad index of Dhaka Stock Exchange (DSE) on Tuesday closed marginally higher and extended the gaining spree for fourth consecutive session amid investors' stance of 'diversifying' their portfolios.
Small cap companies attracted the investors while the sectors of large cap companies performed mixed.
Insurance sector, which recently has dominated the trading board, also performed mixed on the premier bourse DSE.
The day's number one loser was an insurer while some other companies of the DSE's top 10 losers were from insurance sector.
On the other hand, the DSE's chart of top 10 gainers also included some companies from the insurance sector.
Dhaka bourse opened the day's session positively and almost a flat trend in the movement of broad index persisted till closure.
At the end of the session, the DSE broad index settled at 4917.25 points with a rise of 0.30 per cent or 15.09 points.
The shariah based index DSES advanced 0.40 per cent or 4.52 points to close at 1119.09 points.
DS30 index comprising blue chip securities settled at 1694.39 points with a rise 0.24 per cent or 4.11 points.
Of 355 issues traded, 160 advanced, 139 declined and 56 were unchanged on the main bourse.
The bourse featured a turnover of above Tk 9.15 billion which was 17 per cent higher than the turnover posted on previous session.
Of total turnover, Tk 146.97 million came from transactions executed in the block board.
According a market review of International Leasing Securities, enthusiastic investors on Tuesday continued their buoyancy on sector specific issues especially low cap stocks.
"Following the previous session, the market made a flying start but the risk-averse investors went for profit booking sell offs in the final hour which has eroded the early gains," said the International Leasing Securities.
It said investors took position on small cap sectors like services & real estate, paper & printing, cement, ceramic, financial institution and life insurance sector stocks which have led the core index to remain in green.
On Tuesday, the market cap of general insurance sector declined 0.5 per cent despite it posted the highest turnover of Tk 3.52 billion which was 38.60 per cent of the DSE's turnover.
Apart from general insurance sector, investors' participation was concentrated on pharmaceuticals & chemicals sector which grabbed 9.6 per cent of the market followed by engineering 9.3 per cent, bank 7.4 per cent and financial institutions 5.0 per cent.
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