Dhaka stocks on Monday closed marginally higher extending the gaining streak for third consecutive session as major sectors performed mixed.
On the day, large cap companies including Grameenphone lost prices marginally on the Dhaka Stock Exchange (DSE) which saw day-long choppy trading following investors' cautious stance.
Dhaka bourse opened the day's session positively but soon later the DSE broad index DSEX declined for a while.
At the end of the session, the DSEX settled at 6338.65 with a rise of 0.30 per cent or 19.32 points.
The broad index added 201 points in last three sessions after losing 510 points in previous 11 sessions.
The shariah based index DSES on Monday advanced 0.12 per cent or 1.74 points to close at 1401.48.
DS30 index comprising blue chip securities went up by 0.16 per cent or 3.86 points to close at 2350.80.
Of 377 issues traded, 163 advanced, 179 declined and 35 were unchanged on the premier bourse DSE.
Of the large cap companies which saw marginal price correction, Grameenphone declined 0.58 per cent, British American Tobacco Bangladesh Company (BATBC) 0.22 per cent, Beximco 0.15 per cent, and Square Pharmaceuticals 0.32 per cent.
The share price of another large cap company MJL Bangladesh advanced 0.79 per cent to close at Tk 89.50 each.
According to a market review of EBL Securities, Dhaka stocks slowed down as the rise of the interest rate made investors shaky on the trading board regarding capital market investments.
"Bourses observed some profit booking attempts on today's session. Though the market ended in green terrain, late-session sell pressure weighed on the upward rally and wiped out early gains, as investors saw bounce back in the market as an opportunity to sell," said the EBL Securities.
The DSE on Monday posted a turnover of Tk 8.36 billion which was 0.33 per cent higher than the turnover of the previous session.
Of total turnover, Tk 209 million came from transactions executed in the block board.
Of the sectors which saw price appreciation, bank advanced 1.8 per cent, general insurance 1.0 per cent, pharmaceuticals & chemicals 0.3 per cent, and textile 0.1 per cent.
Of the sectors which witnessed price correction, engineering declined 0.3 per cent, fuel & power 0.2 per cent, financial institutions 0.1 per cent, and telecommunication 0.1 per cent.
"The stocks posted modest gain after choppy trading as many investors followed cautious stance," according a market review of International Leasing Securities.
Investors' participation was concentrated mostly on pharmaceuticals & chemicals sector which grabbed 15.5 per cent of market turnover followed by miscellaneous 13.2 per cent, financial institutions 12.1 per cent and textile 11.4 per cent.
Beximco topped the scrip wise turnover chart with a value of Tk 650 million followed by Bangladesh Finance Tk 271 million, Orion Pharma Tk 265 million, Beximco Pharmaceuticals Tk 249 million and IPDC Finance Tk 236 million.
Western Marine Shipyard was the number one gainer with a rise of 9.57 per cent to close at Tk 12.60 each.
Sonali Paper & Board Mills was the worst loser after declining 2.0 per cent to close at Tk 554 each.
CASPI, benchmark index of Chittagong Stock Exchange (CSE), advanced 0.29 per cent or 54.97 points to close at 18702.78 on Monday.
Of 286 issues traded, 147 advanced, 114 declined and 25 remained unchanged and the port-city bourse posted a turnover of Tk 309.88 million.
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