The Dhaka bourse on Tuesday closed marginally higher, riding on some major sectors, following a sharp correction observed in the previous session.
The market opened with a positive note but soon started to decline on the Dhaka Stock Exchange (DSE).
A sort of volatility was observed during the mid-session and finally the broad index closed with a marginal rise as some major sectors played supportive role.
According to market insiders, the positive closure of the broad index was mainly driven by food & allied, fuel & power and insurance sectors.
The DSE, however, failed to feature a turnover of above Tk 5.0 billion. The turnover value also went down below the turnover of the previous session.
At the end of the session, the DSE broad index DSEX settled at 5,399.88 points with a rise of 0.28 per cent or 15.47 points.
The shariah based index DSES advanced 0.48 per cent or 6.0 points to close at 1,254.18 points.
The DS30 index comprising blue chip securities closed at 1,903.17 points with a marginal rise of 0.17 per cent or 3.25 points.
According to a market review of EBL Securities, the premier bourse closed in positive zone amid choppy trading observed throughout the session.
"The broad index finally managed to settle in green zone as opportunistic investors opted for taking fresh position to rebalance their portfolio injecting fresh fund in fuel & power, food & allied and engineering sectors," said the EBL Securities.
Of 338 issues traded, 137 advanced, 152 declined and 49 were unchanged on the premier bourse DSE.
The turnover stood at Tk 4.92 billion, which was 0.28 per cent less than the turnover of the previous session.
Of the major sectors based on market capitalisation, fuel & power advanced 0.8 per cent, followed by engineering 0.7 per cent, textile 0.4 per cent, bank 0.1 per cent and, pharmaceuticals & chemicals 0.1 per cent.
Of the declining sectors, financial institutions lost 0.5 per cent, mutual fund 0.7 per cent, services & real estate 0.3 per cent, telecommunication 0.1 per cent and travel & leisure 1.0 per cent.
Investors' participation was concentrated mostly on fuel & power which grabbed 20.10 per cent of the market turnover, followed by textile 18.50 per cent, pharmaceuticals & chemicals 16 per cent, engineering 10.10 per cent and bank 9.9 per cent.
Khulna Power Company topped the turnover chart with a value of Tk 383 million, followed by Summit Power Tk 289 million, United Power Generation and Distribution Company Tk 208 million, Active Fine Chemicals Tk 164 million and VFS Thread Dyeing Tk 134 million.
Low cap companies were majority in the chart of top 10 gainers on the DSE.
Legacy Footwear was the number one gainer with a rise of 9.96 per cent or Tk 19.30 to close at Tk 213 each.
Reliance Insurance was the worst loser as it declined 7.59 per cent or Tk 3.50 to close at Tk 42.60 each.
The Chittagong Stock Exchange (CSE) opened the day's session with a positive note.
After half an hour of the session, the benchmark index CASPI started to decline and the trend continued for around two hours.
Eventually, the CASPI managed to close the session with a marginal rise following investors' increased participation in the last hour.
At the end of the session, the benchmark index CASPI advanced 0.15 per cent or 25.68 points to close at 16,607.84 points.
Other indices such as CSE50 and CSE30 also closed marginally higher on Tuesday.
Of 232 issues traded, 87 advanced, 118 declined and 27 were unchanged.
The turnover stood at above Tk 346.19 million on the port city bourse.
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