Stocks extended the winning streak for the second consecutive session on Tuesday with rising turnover value as investors showed buying interest on sector-wise lucrative issues.
DSEX, the core index of the Dhaka Stock Exchange, went up by 7.13 points or 0.10 per cent to settle at 6,765, after gaining over 16 points in the previous day.
The Bangladesh Securities and Exchange Commission (BSEC) will meet the market intermediaries today (Wednesday), as part of its measures to prop up the capital market.
The DSE 30 Index, comprising blue chips, also advanced 3.02 points to finish at 2,471. However, the DSE Shariah Index (DSES) saw a fractional loss of 0.48 point to close at 1,464.
Turnover, the crucial indicator of the market, stood at Tk 9.81 billion, which was 6.16 per cent higher than the previous day's mark of Tk 9.24 billion.
Market analysts said the securities regulator's move to sit with the market stakeholders encouraged investors to put fresh stake in stocks.
"The investors increased their participation as the regulator is trying to enhance the flow of liquidity to the market," said International Leasing Securities.
The investors expect a positive outcome from the coordination meeting, as the securities regulator intends to boost market liquidity through collaboration with market intermediaries, said the stockbroker.
Recently, the stock market regulator also wrote to several banks to invest in stocks in the existing capacity to support the market.
However, a section of investors remained shaky amid the rising cost of living and potential adverse impacts on the country's economy due to the ongoing Russia-Ukraine conflicts, said a stockbroker.
The investors' attention was mainly concentrated on textile, capturing 11.5 per cent of the day's total turnover, followed by engineering (10.8 per cent) and paper & printing (9.3 per cent).
Major sectors showed mixed performances. Financial institutions posted the highest gain of 1.60 per cent, followed by power with 0.60 per cent, banking 0.10 per cent.
On the other hand, food, pharma and telecom sectors lost 0.30 per cent, 0.20 per cent and 0.20 per cent respectively.
Gainers took a modest lead over the losers as out of 380 issues traded, 178 advanced, 150 declined and 52 remained unchanged on the DSE trading floor.
Sonali Paper & Board Mills topped the turnover list with shares worth nearly Tk 716 million changing hands, followed by Genex Infosys (Tk 625 million), Fortune Shoes (Tk 547 million), Beximco (Tk 541 million) and GPH Ispat (Tk 265 million).
Northern Jute Manufacturing Company was the top gainer, posting a 8.75 per cent gain, while Dutch-Bangla Bank was the day's worst loser, losing 9.31 per cent following its price adjustment after record date.
The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index - CASPI -gaining 15 points to settle at 19,804 and the Selective Categories Index - CSCX - rising 8.83 points to close at 11,879.
Of the issues traded, 139 advanced, 124 declined and 38 issues remained unchanged on the CSE.
The port-city bourse traded 10.38 million shares and mutual fund units with turnover value worth over Tk 317 million.
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