Stocks continued to break their previous records, as all three indices and market-cap of the Dhaka Stock Exchange (DSE) surged Wednesday, buoyed by investors' increased participation.
DSEX, benchmark index of the DSE, went up 55.45 points or 0.77 per cent to settle at more than 7,196-the highest since its inception.
DSEX added more than 373 points in the past seven consecutive sessions as buoyant investors continued to put fresh bets on major sector stocks with investors' expectation running high.
Two other indices--the DSE 30 Index and the DSE Shariah Index (DSES) -- followed suit to close at their historical highs of 2,613 and 1,571, after surging 29.60 points and 20.09 points respectively.
The market capitalisation of the prime bourse hit a fresh all-time high at Tk 5,824 billion on Wednesday, surpassing the previous day's record high of Tk 5,800 billion.
Turnover, another important indicator of the market, amounted to Tk 25.55 billion on the country's premier bourse, which was 10.85 per cent lower than the previous day's tally of Tk 28.66 billion.
Analysts say high confidence of investors coupled with a lower interest rate in the banking sector continued to encourage them to perk up their funds on stocks.
One market analyst, however, sounded the alarm about the low-performing companies as they were already overpriced. "Investors should be careful about buying overpriced stocks in order to avert any misfortune".
Meanwhile, Bangladesh Securities and Exchange Commission (BSEC) has asked the DSE to find out reasons behind the 'abnormal' price surge of listed companies having price earnings ratio (PE) of above 40 and summit report within 15 working days.
Major sectors showed mixed performances with food, pharma, banking and telecom sectors posting gain while financial institutions, general insurance and life insurance saw price corrections.
Losers, however, took a modest lead over the gainers, as out of 374 issues traded, 186 declined, 152 advanced and 36 remained unchanged on the DSE trading floor.
Square Pharmaceuticals topped the turnover list after a long time with shares worth Tk 989 million changing hands, closely followed by BATBC, Khulna Power, Beximco and Beximco Pharma.
The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index - CASPI -rising 181 points to settle at a historical high at 20,979 and the Selective Categories Index - CSCX-- soaring 110 points to close at record high at 12,579.
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