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Stocks post marginal gain after volatility

FE REPORT | September 17, 2020 00:00:00


Stocks ended marginally higher on Wednesday after volatile trading as bargain hunters continued their appetite on sector-wise issues, driven by regulatory moves and resumption of economic activities

DSEX, the prime index of the Dhaka Stock Exchange, went up by 16.26 points or 0.31 per cent to settle at 5,116. It was the highest level of the benchmark index in more than one year since August 28, 2019.

Market operators said the market passed another volatile session as cautious investors opted for booking profit following the recent price surge while some investors continued to pour fresh fund amid optimism.

The optimistic investors continued their buying binge on sector-wise issues, as their outlook remained positive on the market, driven by regulatory moves and resumption of economic activities, said a merchant banker.

EBL Securities said the risk-averse investors preferred to book quick-gain in the early session following the recent price surge while optimistic investors continued to pour fresh fund on the bullish market.

The stockbroker noted that investors' optimism reflected on the trading floor as turnover rose more than 15 per cent on the day.

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