Stocks posted marginal gain on Wednesday, snapping a four-day losing streak, as investors showed their buying appetite on sector-wise stocks.
Market operators said some investors went on buying shares amid positive expectations as the Chinese consortium officially became the strategic partner of the premier bourse on Tuesday.
The consortium of the Shenzhen and Shanghai Stock Exchanges said they will develop the capacity of the prime bourse by sharing experience of the Chinese capital market and improve the surveillance and trading system to boost investors' confidence.
The market opened on positive note and the key index of the major bourse rose about 35 points within 40 minutes of trading, but eroded most of the early gains during rest of the session.
At the end of the session, DSEX, the prime index of the DSE, settled at 5,562, advancing 9.43 points or 0.16 per cent after losing 67 points in the last four straight sessions.
"This upward shift in the index is mainly driven by significant positive changes in most of the large-cap sectors. Except bank and financial institutions, all the large-cap sectors showed positive movements," commented LankaBangla Securities.
Two other indices of the DSE also ended higher. The DS30 index, comprising blue chips, advanced 5.28 points to finish at 1,955 and the DSE Shariah Index soared 8.96 points to close at 1,279.
Turnover, the most important indicator of the market, crossed Tk 8.0 billion-mark after three weeks and amounted to Tk 8.12 billion, which was 13 per cent higher than the previous session's Tk 7.16 billion.
According to International Leasing Securities, the investors showed their buying interest from the opening of the session on June closing stocks, especially from engineering, cement, IT and power stocks, helping the prime index to end higher.
A total number of 155,613 trades were executed in the day's trading session with trading volume of 182.79 million securities.
The market capitalisation of the DSE rose to Tk 3,962 billion on the day which was Tk 3,952 billion on the previous day.
Among the major sectors, engineering posted the highest gain of 2.90 per cent, followed by cement with 2.20 per cent and power 0.70 per cent.
Banking sector continued to decline, losing 1.10 per cent, followed by financial institutions with 0.90 per cent.
Of the 336 issues traded, 156 advanced, 131 declined and 49 issues remained unchanged on the DSE trading floor.
Khulna Power Company topped the DSE turnover chart for the fourth day in a row with shares worth Tk 601 million changing hands, followed by United Power, The Peninsula Chittagong, Unique Hotel and Aman Feed.
Oimex Electrode was the day's best performer, posting a gain of 9.93 per cent while SEML Lecture Equity Management Fund was the worst loser, losing 9.21 per cent.
The port city bourse CSE ended higher with its CSE All Share Price Index - CASPI - rising 73 points to settle at 17,143 and the Selective Categories Index - CSCX -advancing 47 points to finish at 10,386.
The gainers beat losers as 111 issues closed higher, 95 ended lower and 41 remained unchanged on the CSE.
The port city bourse traded 9.63 million shares and mutual fund units worth more than Tk 333 million in turnover.
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