The Dhaka bourse closed marginally higher on Wednesday breaking the losing streak of three sessions as many investors took positions in sector specific stocks considering their prices.
After day long volatility, the broad index and turnover rose marginally following last hour's buoyancy on the Dhaka Stock Exchange (DSE).
The market opened with optimistic note and DSEX, the core index added 41 points within first 15 minutes.
Soon later, the DSEX started to decline and continued the falling trend for an hour and the index lost 14 points.
Afterwards, a recovery stance was observed and finally the DSEX closed the session with a marginal rise in DSEX and turnover value as well.
At the end of the session, the DSEX settled at 5259.41 points with a rise of 0.19 per cent or 10.49 points.
The shariah based index DSES advanced 0.38 per cent or 4.67 points to close at 1217.03 points.
The DS30 index comprising blue chip securities closed at 1880.50 points with a rise of 0.19 per cent or 3.69 points.
"Active presence of the opportunist investors in later part of the session helped the key index to close marginally higher," said a market review of the International Leasing Securities.
Considering lucrative price levels, many bargain hunters took position in different stocks, especially from engineering, bank, telecom, pharmaceuticals and chemicals and general insurance sectors.
Of 345 issues traded, 160 advanced, 127 declined and 58 were unchanged on the DSE.
The turnover stood at above Tk 3.14 billion which was 16.52 per cent higher than the turnover of the previous session.
Of total turnover, above Tk 131.56 million came from the transactions executed in block board.
Of the major sectors which witnessed price appreciation, bank advanced 0.40 per cent, engineering 0.60 per cent, pharmaceuticals & chemicals 0.30 per cent and telecommunication 0.30 per cent.
Of the sectors which declined, financial institutions lost 0.80 per cent, fuel & power 2.0 per cent, ceramic 2.10 per cent, and tannery 0.30 per cent.
Investors' participation was concentrated mostly on engineering sector which grabbed 13.0 per cent of the market turnover followed by general insurance 10.80 per cent, bank 10.30 per cent, fuel & power 10.20 per cent and telecommunication 9.70 per cent.
Bangladesh Submarine Cable Company was the number one turnover leader with a value of Tk 261 million followed by United Power Generation & Distribution Company Tk 164 million, Monno Ceramic Industries Tk 163 million, Fortune Shoes Tk 161 million and Sonar Bangla Insurance Tk 76 million.
Standard Ceramic Industries topped the chart of top 10 gainers with a rise 9.98 per cent or Tk 17.70 to close at Tk 195.10 each.
Monno Ceramic Industries was the worst loser after declining 8.66 per cent or Tk 24.20 to close at Tk 256.40 each.
On Wednesday, the CASPI, the benchmark index of the Chittagong Stock Exchange (CSE), closed marginally lower.
Of 232 issues traded, 92 advanced, 103 declined and 37 were unchanged and the turnover stood at above Tk 126.62 million on the port city bourse CSE.
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