The stock market extended the gaining streak for the third running session Thursday with turnover improved further as investors continued focus on micro-cap and large-cap stocks.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 12.78 points or 0.33 per cent to close at almost five-month high level of 4,675.91 points since April 24, this year.
The other two indices also ended higher. The DS30, comprising blue chips gained 9.31 points or 0.52 per cent to close at 1,786.57 points. The DSE Shariah Index went up by 5.32 points or 0.48 per cent to close at 1,101.31 points.
Trading at DSE remained vibrant. The total turnover amounted to Tk 6.86 billion, registering an increase of 7.85 per cent over the previous session's value of Tk 6.36 billion.
Pharmaceuticals, power and engineering stocks grabbed the investors' attention - accounted for 16 per cent, 16 per cent and 15 per cent respectively of the day's total turnover.
"On last day of this week market edged up again to a new high in last three months popping up close to the strong resistance level of 4,700 points," commented LankaBangla Securities, in its regular market analysis.
Market is appeared to be growing at two speeds- sector specific manufacturing stock is generating return on cue of growth in stocks and fresh position on new stocks, said the stock broker.
Market has shown strong participation with turnover value improved further. Among the major sectoral return, cement, engineering and tannery gained 1.7 per cent, 1.5 per cent and 1.0 per cent respectively.
IDLC Investments said: "Closing session of the week ended green with investors' prolonging tilt to micro-cap and large-cap stocks".
Investors' continued position in blue chip stocks assisted DS30 to make another highest point of 1,786.6, to record 21.8 per cent return till its inception, said the merchant bank.
"The market is in a strong impulsive mood, getting support from massive volume," said Zenith Investments.
There is a potpourri of beliefs and emotions from investors as optimism replaces worries, with data seemingly pointing towards bullish trend, said the Zenith analysis.
"Investors should keep this point in check, and make investments decisions accordingly," the Zenith analysis added.
Gainers outpaced losers as out of 300 issues traded, 133 gained, 127 declined and 40 remained unchanged on the DSE trading floor.
Activities increased in the major bourse (DSE) where trade and volume were up by 2.41 per cent and 10.02 per cent respectively. A total of 0.135 million trades were executed with 151.58 million securities of trading volume.
The total market capitalisation of the DSE stood at Tk 3,169.16 billion against Tk 3,162.34 billion in the previous session.
MJL BD was the day's most traded stocks with shares worth Tk 570.75 million changing hands followed by ACI Formulations, Beximco, Delta Life Insurance and Lafarge Surma Cement.
ACI Formulations was the day's highest gainer for the third day, posting a rise of 9.95 per cent while newly listed Shurwid Industries was the day's worst loser, slumping by 10.64 per cent.
The port city bourse, Chittagong Stock Exchange (CSE) also closed marginally higher with its Selective Categories Index - CSCX - gained 8.40 points to close at 8,757.85 points.
