The Dhaka stocks continued its rally for the sixth consecutive sessions posting a gain in daily turnover, benchmark index and market capitalisation Wednesday following a normalcy in daily life, market insiders said.
On the day the majority number of securities rose and the large cap companies played the role of market movers.
The insiders said the restoration in supply chains is the main reason behind the rallies observed in the country's capital markets.
On Wednesday, the DSE benchmark index--DSEX--closed its session at a new peak of 4,494.2 points, which is the highest mark since the premier bourse launched the DSEX on January 27, 2013.
And the market capitalisation rose by 0.36 per cent to close at 2.75 trillion.
The day's total market turnover stood at Tk 6.9 billion which was 6.5 per cent higher than that of the previous session.
Among 287 traded issues, 197 advanced, 75 declined and the remaining 15 remained unchanged.
"The supply chains have restored after facing a deadlock situation. That's why the movement in public life left a positive impact in the capital market," said Md. Moniruzzaman, the managing director of the IDLC investments.
Other market insiders have said that the normalcy in political situation and the continuous support of the state-run ICB (Investment Corporation of Bangladesh) are also the important reasons behind the markets' rally.
On Wednesday the blue-chip index DS30 also rose by 0.77 per cent and closed at 1,583.14 points.
Among the Wednesday's market mover sectors, the Cement contributed the best with a gain of 5.97 per cent.
Among other large cap sectors, the NBFIs rose by 1.63 per cent, whereas the Pharmaceuticals went up by 1.61 per cent.
And the Banks and Power rose by 0.70 per cent and 0.12 per cent respectively, whereas the Telecommunication went down by 0.69 per cent.
The day's the top 20 shares, the Appollo Ispat observed the highest liquidity on with a turnover value of Tk 325.4 million.
The other turnover leaders were: the Lafarge Surma Cement, Olympic Industries, Square Pharmaceuticals, UCBL, Golden Son, Bengal Windsor Thermoplastics, LankaBangla Finance, Summit Purbanchol Power Company and Confidence Cement.
