The stock market edged marginally up Thursday for the second running session with turnover remained sluggish, as optimistic investors took position in lucrative stocks.
The market opened with a strong momentum and the positive trend continued till the market closure amid modest see-saw. At the end of the session, the prime index of the Dhaka Stock Exchange (DSE) --- DSEX ended at 4,508.05 points, gaining 9.28 points or 0.20 per cent.
The other two indices also closed positive. The DS30, comprising blue chips gained 1.44 points or 0.08 per cent to close at 1,608.35 points. The DSE Index (DSES) went up by 2.29 points or 0.23 per cent to close at 981.62 points.
Turnover, in the mean time, stayed at almost same at Tk 2.99 billion, registering 0.24 per cent decline over the previous session's value of Tk 3.0 billion.
"The stock market continued its positive momentum, aided by the satisfactory declarations from a few banks," commented International Leasing Securities, in its daily market analysis.
However, the investors optimistic attitude managed to increase the DSEX by merely 9.28 points, it said.
"Due to the lack of participation of the investors, the market turnover remained at Tk 3.0 billion which was almost equal to the previous session," International Leasing Securities added.
"Market closed higher with market breadth in a tight negative range," said LankaBangla Securities.
Bull fight roll over the market breadth as declining shares outnumbered advancing ones by 139 against 127 on the DSE. Buying has come back incrementally into defensive manner considering market volatility, said the stock broker.
"Ahead of budget monitoring meeting scheduled on April 2, it is time to watch how investors react to the government's budgetary plan as it has pledged job creation and encouraging foreign investment down the road," the stock broker opined.
