Stocks returned to the green on Monday, after a single-day break, as investors are expecting a positive outcome from the upcoming coordination meeting scheduled for Wednesday.
The marker opened higher and the positive trend continued until the end of the session amid modest volatility in the mid-session.
DSEX, the key index of the Dhaka Stock Exchange, went up by 16.61 points or 0.24 per cent to settle at 6,758, after losing over 11 points in the previous day.
Two other indices also edged higher. The DSE 30 Index, comprising blue chips, advanced 5.15 points to finish at 2,468 and the DSE Shariah Index (DSES) gained 7.39 points to close at 1,465.
Turnover, the crucial indicator of the market, crossed Tk 9.0 billion-mark after four-day and amounted to Tk 9.24 billion, which was 7.70 per cent higher than the previous day's tally of Tk 8.58 billion.
Market insiders said the securities regulator's decision to hold a meeting with the market intermediaries to discuss how to increase liquidity supply in the equity market, prompted investors to put fresh funds in stocks.
As part of its measures to prop up the capital market, the Bangladesh Securities and Exchange Commission (BSEC) sent letters to the market intermediaries inviting them to the meeting scheduled for Wednesday.
Recently, the stock market regulator also wrote to several banks to invest in stocks in the existing capacity to support the market.
"The investors are expecting positive interventions from the coordination meeting to be held on Wednesday," said International Leasing Securities.
The stockbroker noted that the regulator is trying to increase the fund flow into the capital market and taking initiatives accordingly.
"The market returned to the green again as the securities regulator's coordination meeting news with the market intermediaries spurred investors to make fresh investments," said EBL Securities.
The trading activity also increased as investors took advantage of the previous day's decline to engage in buying activity, said the stockbroker.
However, some investors remained shaky amid the rising cost of living and potential adverse impacts on the country's economy due to the ongoing Russia-Ukraine conflicts.
Major sectors showed mixed performances. Cement sector posted the highest gain of 4.90 per cent riding on the sector heavyweight LafargeHolcim which gained 7.12 per cent alone, followed by general insurance with 1.60 per cent, power 0.70 per cent and telecom 0.40 per cent.
On the other hand, financial institutions, banking and food sectors lost 1.10 per cent, 0.20 per cent and 0.20 per cent respectively.
Gainers took a modest lead over the losers as out of 379 issues traded, 176 advanced, 153 declined and 50 remained unchanged on the DSE trading floor.
Beximco continued to top the turnover list with shares worth Tk 486 million changing hands, followed by LafargeHolcim Bangladesh (Tk 464 million), Fortune Shoes (Tk 391 million), Genex Infosys (Tk 382 million) and BDCOM Online (Tk 347 million).
The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index - CASPI -gaining 18 points to settle at 19,789 and the Selective Categories Index - CSCX - rising 9.0 points to close at 11,871.
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