Dhaka bourse on Tuesday closed marginally higher extending the gaining streak for second consecutive session as most of the sectors witnessed price appreciation.
On the day, the turnover declined marginally as many investors opted the stance of observing the market's movements ahead of strict lockdown to be enforced from tomorrow (Thursday).
The market opened the session positively but the DSEX, broad index of Dhaka Stock Exchange (DSE), failed to continue the upward trend after fifteen minutes.
Later, the DSEX exhibited ups and downs till mid-session and finally closed marginally riding on last hour buoyancy.
At the end of the session, the core index settled at 6042.49 points with a rise of 0.26 per cent or 15.84 points.
Th shariah based index DSES advanced 0.27 per cent or 3.58 points to close at 1298.39.
The DS30 index comprising blue chip securities closed at 2185.82 with a gain of 0.42 per cent or 9.18 points.
Of 373 issues traded, 175 advanced, 166 declined and 32 were unchanged.
The premier bourse DSE posted a turnover of Tk 11.48 billion which was 13.61 per cent less than the turnover of the previous session.
Of total turnover, Tk 354million came from transactions executed in block board.
Of the sectors which witnessed price appreciation, bank advanced 0.2 per cent, engineering 0.8 per cent, financial institutions 1.7 per cent, pharmaceuticals & chemicals 0.5 per cent and telecommunication 0.1 per cent.
Of the sectors which witnessed price correction, general insurance declined 0.2 per cent, textile 1.7 per cent and travel & leisure 1.9 per cent.
Investors' participation was concentrated mostly in textile sector which grabbed 18.8 per cent of the market turnover followed by miscellaneous 10.3 per cent, bank 9.5 per cent and pharmaceuticals & chemicals 8.7 per cent.
Beximco topped the scrip wise turnover chart with a value of Tk 673 million followed by Delta Life Insurance Tk 425 million, Malek Spinning Mills Tk 240 million, National Feed Mill Tk 240 million and Anwar Galvanizing Tk 211 million.
According to a market review of International Leasing Securities, the DSE extended its gaining streak with a marginal improvement in the DSEX following investors' increased participation in last hour.
"The final hour buoyancy in financial institution, engineering and mutual fund sectors helped the broad index to close in positive territory," said the International Leasing Securities.
It said the risk-averse investors, however, opted for quick gain in service, travel, textile and ceramic stocks as the government is enforcing a country-wide strict lockdown from the next Thursday amid rising trend of coronavirus cases and deaths.
Kay & Que was the number one gainer with a rise of 9.95 per cent or Tk 18.8 to close at Tk 207.80 each.
On Tuesday, the share price of Delta Life Insurance Company also advanced 9.91 per cent extending unusual gaining streak for four sessions in a row.
In last four sessions, the company's share price soared 37.36 per cent or Tk 38.6 to close at Tk 141.90 each on Tuesday.
Meanwhile, in response to a DSE query dated June 28, 2021, the company has informed that there is no undisclosed price sensitive information for recent unusual price hike and increase in volume of shares.
Pragati Life Insurance was the worst loser after declining 9.53 per cent or Tk 11.6 to close at Tk 110.10 each.
On Tuesday, all indices of the Chittagong Stock Exchange (CSE) advanced marginally.
The benchmark index CASPI went up by 0.19 per cent or 33.76 points to close at 17473.53 points.
Of 321 issues traded, 140 advanced, 151 declined and 30 were unchanged and the CSE posted a turnover of Tk 546.60 million on Tuesday.
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