Stocks extended their rally for a fifth straight session on Monday, with all the three indices and the market-cap hitting historical highs, thanks to increased investors' participation.
Although the market opened marginally lower, active presence of bargain hunters targeting the telecoms, textile, financial institution, food and power sectors pushed the index higher.
The benchmark DSEX index of the Dhaka Stock Exchange (DSE) finally settled 22.67 points or 0.32 per cent higher at 7,075 -- the highest since its inception nearly nine years back on January 27, 2013.
Two other indices -- the DSE 30 Index and the DSE Shariah Index (DSES) -- followed the suit to close at their new highs of 2,546 and 1,536 respectively, after gaining 12.64 points and 7.38 points respectively.
Turnover, a crucial indicator of the market, crossed Tk 29 billion mark after two weeks and stood at Tk 29.01 billion on the premier bourse, 1.15 per cent up from the previous day's tally of Tk 28.68 billion.
The market capitalisation of the prime bourse hit a fresh all-time high at Tk 5,718 billion on Monday, surpassing the previous day's record high of Tk 5,692 billion.
Market analysts said the market continued to soar mainly due to robust investor confidence and the faster economic recovery as the number of Covid-19 deaths and cases dropped sharply.
The market maintained the bullish momentum riding on news that credit flow into private sector grows gradually as demand for loans increased amid reopening of businesses, creating needs for funds, said a merchant banker.
He noted that buoyant investors are putting fresh bets on major stocks riding on regulatory measures, lower returns on the money market coupled with excess liquidity in the financial market.
Among the major sectors, textile generated the highest return of 2.80 per cent, followed by non-bank financial institutions (1.50 per cent), food (1.20 per cent), telecoms (1.10 per cent), power (0.70 per cent) and pharma (0.60 per cent).
On the other hand, cement witnessed the highest correction of 1.50 per cent, general insurance (1.0 per cent) and banking (0.50 per cent).
Losers took a modest lead over the gainers, as out of 368 issues traded, 184 closed lower, 154 higher and 30 issues remained unchanged on the DSE trading floor.
Beximco -- the flagship company of Beximco Group -- topped the turnover list with shares worth Tk 2.56 billion changing hands, followed by Saif Powertec (Tk 942 million), Beximco Pharma (Tk 687 million), LafargeHolcim (Tk 632 million) and Doreen Power (Tk 629 million).
ADN Telecom was the top gainer for the second straight sessions, posting a 9.93 per cent rise while Dominage Steel Building System was the worst loser, shedding 5.69 per cent.
The Chittagong Stock Exchange (CSE) also ended higher, with the CSE All Share Price Index (CASPI) gaining 99 points to settle at a historical high at 20,662 and the Selective Categories Index (CSCX) rising 61 points to close at record high at 12,385.
The market-cap of the port city bourse also hit a fresh all-time high at Tk 4,946 billion on Monday, surpassing the previous day's record high of Tk 4,912 billion.
Of the issues traded, 162 declined, 123 advanced and 31 remained unchanged on the CSE trading floor.
The port city's bourse traded 28.97 million shares and mutual fund units with turnover value of Tk 876 million.
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