Dhaka bourse on Tuesday extended the gaining streak for third consecutive session as the optimistic investors and the institutional investors continued their buying spree on large-cap issues.
The market opened the day's session positively and soon later the DSEX, the broad index of Dhaka Stock Exchange (DSE), witnessed some correction for a while.
After half an hour, the core index showed a steady upward trend that continued till closure following investors' increased participation on large cap sectors.
At the end of the session, the DSEX settled at 5861.02 points with a rise of 2.48 per cent or 142.26 points.
The shariah based index DSES advanced 1.94 per cent or 25.25 points to close at 1322.67 points.
The DS30 index comprising blue chip securities went up by 3.34 per cent or 71.01 points to close at 2194.98 points.
Of 363 issues traded, 195 advanced, 106 declined and 61 were unchanged on the premier bourse DSE.
According to a market review of International Leasing Securities, the bargain hunters continued their buoyancy from the opening of the session which continued till closure.
"The investors' buying interest sustained in the large cap sectors especially in engineering, telecom, financial institution, fuel & power and banking issues which has helped the benchmark index cross 5,800 points mark since 10 February 2019," said the International Leasing Securities.
It also said many investors, however, liquidated their investment in jute, IT, mutual fund and general insurance sector stocks.
The DSE on Wednesday posted a turnover of above Tk 19.82 billion which was 18.32 per cent higher than the turnover of the previous session.
Of total turnover, Tk 696 million came from transactions executed in block board.
According to a market review of EBL Securities, the DSE on Tuesday went skywards riding on investors' buying spree.
"Investors' positive expectations towards the capital market remained persistent primarily backed by favourable macroeconomic indicators notably Exports," said the EBL Securities.
Of the major which witnessed price appreciation, bank advanced 1.7 per cent, engineering 5.4 per cent, financial institutions 2.9 per cent, fuel & power 2.4 per cent, pharmaceuticals & chemicals 1.5 per cent and telecommunication 4.3 per cent.
Of the sectors which witnessed price correction, general insurance declined 0.8 per cent, jute 5.2 per cent and It 1.8 per cent.
Investors' participation was concentrated mostly on financial institution sector which grabbed 14.9 per cent of the market turnover followed by pharmaceuticals & chemicals 12.6 per cent, engineering 11 per cent and fuel & power 10.8 per cent.
LankaBangla Finance topped the scrip wise turnover chart with a value of 1.19 billion followed Beximco Pharmaceuticals 1.14 billion, Beximco Tk 1.11 billion, LafargeHolcim Bangladesh Tk 827 million and IFIC Bank Tk 736 million.
Dominage Steel Building System was the number one gainer with a rise of 10 per cent or Tk 3.1 to close at Tk 34.10 each.
ADN Telecom was the worst loser after declining 9.89 per cent or Tk 6.1 to close at Tk 55.60 each.
All indices of the Chittagong Stock Exchange (CSE) on Tuesday advanced moderately.
At the end of the day's session, the benchmark index CASPI advanced 2.54 per cent or 424.16 points to close at 17089.55 points.
Of 291 issues traded, 182 advanced, 70 declined and 39 were unchanged and the port city bourse CSE posted a turnover of Tk 886.60 million.
© 2025 - All Rights with The Financial Express
