Stocks returned to the green Monday after three consecutive sessions of downhill with turnover falling slightly as investors went for late hour buying spree.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 23.74 points or 0.52 per cent to close at 4,564.34 points after four hours trading.
The other two indices also ended in positive. The DS30, comprising blue chips gained 6.70 points or 0.38 per cent to close at 1,728.44 points. The DSE Shariah Index advanced 2.87 points or 0.27 per cent to close at 1,063.02 points.
The total turnover on DSE stood at Tk 7.07 billion, registering a decline of 4.20 per cent over the previous session's value of Tk 7.38 billion.
The investors' activity was mainly focused on fuel and power, engineering and pharmaceuticals sectors, accounted for 18 per cent, 13 per cent and 10 per cent respectively of the days' total turnover.
"Investors continued to accumulate large cap stocks with turnover crossing Tk 7.0 billion for consecutive second day. The strong turnover in last few weeks shows investors' growing interest and consequent fresh money injection," commented IDLC Investments, in its regular market analysis.
LankaBangla Securities said: "Market snapped the losing streaks Monday after consolidating around 4,550 points-mark in previous trading session with benchmark index up by 23.74 points".
Recent momentum in MNCs and FMCGs continued to support markets following the uptrend seen throughout much of the past two weeks, said the stock broker.
"Stocks momentum suggests that investors are keeping their eyes on reports on existing fundamental stock, leading economic indicators, and manufacturing activities," said the stock broker.
Among the major industry news, Bangladesh Bank (BB) has formulated draft guidelines on risk-based capital adequacy ratio in a bid to implement Basel-III from the next year by raising scheduled banks' capital bases.
Banks will have to implement the new guidelines on capital arrangement in five years. Under the guidelines, banks will have to raise their capital to 12.50 per cent against their risk-weighted assets by 2019 from the existing 10 per cent.
Large cap sectors posted mixed performance. Banks and NBFIs advanced 1.01 per cent and 1.44 per cent respectively. Food & allied went up by 0.45 per cent.
Pharmaceuticals and fuel and power retraced 0.40 per cent and 0.32 per cent respectively. Telecommunication ended flat losing 0.01 per cent - one of its issues BSCCL went down by 8.0 per cent following its declaration of 10 per cent cash dividend.
The gainers took a lead over the losers as out of 295 issues traded, 155 declined, 117 advanced and 23 remained unchanged on the DSE floor.
A total number of 0.140 million trades were executed in day's trading session with 160.16 million securities of trading volume. The total market capitalisation on DSE stood at Tk 3,024.13 billion against Tk 3,020.77 billion in the previous session.
