The market returned to the green Tuesday after seeing red in the last four sessions with turnover came down below Tk 5.0 billion-mark once again as investors remained cautious.
The market opened with a positive note and the upward trend continued till the market closure, eventually, the prime index of the Dhaka Stock Exchange (DSE) --- DSEX --- ended at 4,703.87 points, gaining 16.68 points or 0.35 per cent.
The DSE Shariah Index (DSES) went up by 4.51 points or 0.45 per cent to close at 1,006.02 points. However, the DS30, comprising blue chips lost 7.44 points or 0.43 per cent to close at 1,694.81 points.
The total market turnover dropped to Tk 4.62 billion on DSE, registering 8.51 per cent decline over the previous session's value of Tk 5.05 billion.
"Market stepped into green zone as investors found some scrips at lucrative price while DSEX stayed at its technical support level of 4,700," commented International Leasing Securities, in its daily market analysis.
Banks and financial institutions continued their previous session's positive trend. Investors' participation, however, dampened to Tk 4.62 billion which was around 14 per cent lower than last one month's average of Tk 5.36 billion, said the International Leasing Securities.
"Four declining sessions prompted for natural reversal in the bourse. Resultantly, after losing 70 points in last four sessions, DSEX climbed back, closing above 4,700 level," said IDLC Investments.
"Turnover stayed shy, as confidence was somewhat less solidified on a market reversal, causing hesitant investors to stay inactive," said the merchant bank.
Meanwhile, a handful stocks continued to dominate turnover, yielding another session with top 5 stocks having 25 per cent turnover.
Alongside, Lafarge Surma Cement and Southeast Bank showcased strong sensitivity due to their earnings announcement which gained 8.05 per cent and 5.0 per cent respectively.
Having investors' preference, cement dominated the day's sectoral performance with 2.06 per cent gain, whereas food & allied performed worst, losing 2.98 per cent and 2.73 per cent respectively.
"After showing a lack of direction in index for more than a week, DSEX has moved modestly higher over the course of trading Tuesday," said LankaBangla Securities.
Banking stocks have maintained a strong upward movement, driving the benchmark index DSEX up by 16.7 points. The strength in the sector came amid beaming corporate earnings of the banking stocks, said the stock broker.
Although, a full recovery from the recent correction that has transpired over the past several weeks is unlikely to happen quickly, noticeable improvements already started to become visible, with further healing likely, aided by upcoming declarations of dividends and IPO's, observed Zenith Investments.
The gainers took a modest lead over the losers as out of 290 issues traded, 172 advanced, 88 declined and 30 issues closed unchanged on the DSE floor.
Among the major sectors, NBFIs gained the most with 0.72 per cent followed by banks and fuel & power edged up by 0.70 per cent and 0.22 per cent respectively.
All the other major sectors closed negative with pharmaceuticals and telecommunications going down by 0.25 per cent and 2.72 per cent respectively. Food & allied was the biggest loser which lost 2.82 per cent.
Activities mixed in the major bourse (DSE) where trade was down 9.13 per cent, but volume was up 2.18 per cent. A total of 0.097 million trades were executed in the day's with 83.15 million securities of trading volume.
The market capitalization of the DSE stood at Tk 2,902.86 billion against Tk 2,908.54 billion in the previous session.
Square Pharma dominated the top turnover chart with shares worth Tk 319.72 million changing hands followed by Olympic, Lafarge Surma Cement, BSCCL and Southeast Bank.
Beach Hatchery was also the day's highest gainer; posting a rise of 7.29 per cent while Al-Haj Textile was the day's worst losers, slumping by 9.96 per cent.
The port city bourse --- the Chittagong Stock Exchange (CSE), also closed positive with its Selective Categories Index - CSCX gained 28.92 points to close at 9,221.24 points.
Gainers beat losers 124 to 78, with 25 issues remaining unchanged at the port city bourse that traded 9.14 million shares and mutual fund units, turnover value of Tk 431.89 million.
