Dhaka bourse closed the Wednesday's session with a moderate rise both in broad index and turnover value following investors' increased participation.
On the day, most of the sectors saw marginal price appreciation despite the market witnessed volatility amid investors' cautious stance.
Following the rise in broad index, Dhaka Stock Exchange (DSE) extended its gaining streak for fifth consecutive session.
The market capitalisation of bank and telecommunication sectors declined marginally while other sectors witnessed rise in market capitalisation on the DSE.
The market opened the day's session positively and the DSE broad index DSEX continued an upward trend for 23 minutes.
Later, the DSEX witnessed see-saw movement for more than two hours and finally closed the session with a moderate rise.
At the end of the session, the DSEX settled at 6433.17 with a rise of 0.63 per cent or 40.31 points.
The shariah based index DSES advanced 0.64 per cent or 9.03 points to close at 1412.56.
DS30 index comprising blue chip securities closed at 2355.85 with a rise of 0.23 per cent or 5.60 points.
Of 379 issues traded on Wednesday, 281 advanced, 51 declined and 47 were unchanged on the premier bourse DSE.
The DSE posted a turnover of Tk 7.43 billion which was 16.50 per cent higher than the turnover of the previous session.
Of total turnover, Tk 184 million came from transactions executed in block board.
According to International Leasing Securities, stocks ended green for the fifth consecutive day as the investors showed their interest in the cheaper stocks.
"Investors cautiously put fresh bets on sector wise issues amid rising inflation and deteriorating exchange rates. The institutional fund flows to the market created a bullish vibe among the investors that caused an increase in investors' participation," said the International Leasing Securities.
Of the sectors which saw price appreciation, engineering advanced 1.0 per cent, fuel & power 0.7 per cent, general insurance 1.0 per cent, life insurance 2.7 per cent, pharmaceuticals & chemicals 0.5 per cent, and textile 1.6 per cent.
Of the sectors which witnessed price correction, bank and telecommunication declined 0.4 per cent and 0.2 per cent respectively.
Investors' participation was concentrated mostly on pharmaceuticals & chemicals sector which grabbed 15.1 per cent of the market turnover followed by textile 13.9 per cent, miscellaneous 11.2 per cent, financial institutions 10.3 per cent and engineering 8.9 per cent.
Of the large cap companies which saw price appreciation, the share price of GrameenPhone advanced 0.03 per cent, MJL Bangladesh 1.47 per cent, British American Tobacco Bangladesh Company 0.04 per cent, Renata 0.07 per cent, and Walton Hi-Tech Industries PLC 0.86 per cent.
On the other hand, the share price of Beximco declined 0.37 per cent on the premier bourse DSE.
Beximco topped the scrip chart with a value of Tk 351 million followed by IPDC Finance Tk 291 million, Orion Pharma Tk 281 million, GSP Finance Tk 225 million and Bangladesh Shipping Corporation Tk 212 million.
Bangas was the number one gainer with a rise of 9.99 per cent or Tk 12.90 to close at Tk 142 each.
Social Islami Bank was the worst loser after declining 3.52 per cent or Tk 0.50 to close at Tk 13.40 each.
CASPI, benchmark index of Chittagong Stock Exchange (CSE), advanced 0.82 per cent or 154.04 points to close at 18821.55.
Of 290 issues traded, 209 advanced, 53 declined and 28 were unchanged and the port city bourse posted a turnover of Tk 225.97 million.
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