Stocks extended the winning streak for the fourth straight sessions on Sunday, with the core index crossing 6,700-mark after a week, as the buoyant investors kept their buying spree on lucrative issues.
The market opened higher and the upbeat momentum sustained until the end of the session as the recent regulatory steps gave a temporary relief to the investors.
DSEX, the core index of the Dhaka Stock Exchange (DSE), went up by 97.58 points or 1.46 per cent to settle at nearly 6,766.
The DSEX gained 309 points in the past four consecutive sessions after the stock market regulator reduced the lowered circuit breaker limit to 2.0 per cent from 10 per cent.
Market analysts said the recent policy intervention of the stock market regulator to stop free-fall of share prices has boosted the investors' confidence in the market.
"The bull-run of stocks continued as investors are putting fresh bets on lucrative issues after the extraordinary regulatory intervention to restore much-needed investors' confidence," said EBL Securities.
A section of investors, however, favoured to stay on the sidelines as concerns loomed due to rising inflation and global price instabilities amid ongoing Russia-Ukraine conflicts, said the stockbroker.
Five large-cap stocks such as Grameenphone, Beximco, British American Tobacco, LafargeHolcim, Robi and Square Pharma jointly added over 36 points to the DSEX, according to amarstock.com, market data analyst.
Two other indices also closed higher with the DSE 30 Index, comprising blue chips, rising 38.08 points to finish at 2,463 and the DSE Shariah Index (DSES) gaining 17.77 points to close at 1,453.
Turnover, a crucial indicator of the market, however, fell below Tk 10 billion-mark after a single-day break and amounted to Tk 9.98 billion, which was 6.0 per cent lower than the previous day's tally of Tk 10.61 billion.
The investors were mostly active in the textile sector, capturing 15.4 per cent of the day's total turnover, followed by engineering (13.4 per cent), and pharma (13.1 per cent).
Major sectors posted gains with cement generating the highest return of 3.30 per cent, followed by financial institutions with 2.30 per cent, telecom 1.80 per cent, food 1.50 per cent, power 1.20 per cent, pharma 1.10 per cent and banking 0.80 per cent.
General insurance and life insurance lost marginally by 0.40 per cent and 0.10 per cent respectively after recent price surge.
Gainers took a modest lead over the losers, as out of 380 issues traded, 273 advanced, 87 declined and 20 issues remained unchanged on the DSE trading floor.
Beximco topped the turnover chart with shares worth Tk 725 million changing hands, followed by Bangladesh Building Systems (Tk 290 million), BDCOM Online (Tk 267 million), Dragon Sweater (Tk 266 million) and Orion Pharma (Tk 230 million).
S Alam Cold Rolled Steels was the day's top gainer, posting a 9.92 per cent gain while United Insurance was the worst loser, losing 5.19 per cent, following its corporate declaration.
The United Insurance recommended a 10 per cent cash dividend for the year ended December 31, 2021. Its earnings per share fell 19.12 per cent to Tk 1.65 for the year 2021 due to higher re-insurance premium, payment of claims, management expenses and lower interest income, according to a filing with the DSE on Sunday.
The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index - CASPI -rising 238 points to settle at 19,799 and the Selective Categories Index - CSCX gaining 142 points to close at 11,879.
Of the issues traded, 211 advanced, 65 declined and 17 issues remained unchanged on the CSE.
The port-city bourse traded 13.99 million shares and mutual fund units with turnover value worth Tk 414 million.
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