Stocks extended their gaining streak for the six running sessions Monday with turnover improved further as investors continued to take position on large cap stocks amid optimism.
The market started with an upbeat note and the upturn continued till the market closure. Eventually, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 34.29 points or 0.75 per cent to close at 4,565.13 points, peaking three-month highest level.
In the last six consecutive sessions, the prime index of the DSE accumulated 144.52 points or 3.27 per cent gain.
The other two indices ended higher. The DS30, comprising blue chips gained 22.75 points or 1.35 per cent to close at 1,701.46 points. The DSE Shariah Index advanced 13.44 points or 1.28 per cent to close at 1,060.65 points.
The market activity amplified further and amounted to Tk 7.90 billion which was 3.44 per cent higher than that of previous session's Tk 7.64 billion. It was also the highest turnover since Tk 8.04 billion on February 3, this year.
"Market showed up green on strong ground as large cap manufacturing stocks have continued to lead the market riding on investors’ buying interest," commented LankaBangla Securities, in its regular market analysis.
Market turnover value has become Tk 7.90 billion, which is the highest in last six months indicating that market is showing sign of life, said the stock broker.
"The stock market went through a typical upward session amidst the investors' growing optimism," said International Leasing Securities.
Some of the large cap issues like GP, Square Pharma and Lafarge Surma Cement extended the positive vibe across the entire market as other sectors followed through, it said.
However, a slight correction in the price level of several newly listed issues was noticed as the investors became concerned because of the suspension of the trading of Shahjibazar Power due to its unusual price hike, said the International Leasing.
IDLC Investments said: "Strong buy pressure sustained and prolonged the upbeat tone across the broad to sixth session".
Spikes in large cap stocks like Lafarge Surma Cement, Square Pharma and GP extended further, creating optimism amid investors, the merchant bank added.
Among the major sectors, engineering sector gave the highest return with 3.8 per cent gain in response to growing market share of large steel manufacturers, followed by cement 2.8 per cent, telecommunication 1.7 per cent and tannery 1.3 per cent.
Fuel and power and pharmaceuticals went up by 1.74 per cent, 1.10 per cent and 0.77 per cent respectively. NBFIs and food and allied also advanced with gaining 0.30 per cent and 0.22 per cent respectively. Banks still remained down with 0.17 per cent.
The losers took a lead over the gainers as out of 301 issues traded, 135 advanced, 141 declined and 25 remained unchanged on the DSE floor.
Activities increased in the major bourse (DSE) where trade and volume were up by 6.32 per cent and 2.55 per cent respectively. A total of 0.152 million trades were executed with 164.83 million securities of trading volume.
The total market capitalisation on DSE stood at Tk 3,046.57 billion against Tk 3,023.28 billion in the previous session.
Square Pharma was the most traded stock with shares worth Tk 523.22 million changing hands followed by MJL BD, GP, Active Fine Chemicals and Appollo Ispat.
Apex Tannery was the day's highest gainer, posting a rise of 12.19 cent following its corporate declaration of 45 per cent cash dividend while Exim Bank First Mutual Fund was the day's worst loser, slumping by 10 per cent.
The port city bourse, Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index - CSCX - gained 54.36 points to close at 8,629.56 points.
Market rides on investors’ buying spree, turnover rises to Tk 7.90b
FE Report | Published: August 12, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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