The key index of the Dhaka Stock Exchange (DSE) on Tuesday closed at 5,702 points, after being revived by 73.29 points with a buying spree.
Investors were in cheerful mode for the bullishness throughout the day and the buoyant market created some hope of continuation of the bullish episodes, said market insiders.
However, market turnover fell by 9.4 per cent to Tk 562 crore from the previous session’s Tk 621 crore.
The blue-chip index, DS30, and the Shariah-based index, DSES, closed at 2,114.74 and 1,235.35 points, respectively. Most of the large-cap sectors posted positive performance on Tuesday.
EBL Securities in its daily market commentary said that the downbeat capital market logged some recovery as bargain hunters chose to take positions in particular large-cap and trendy scrips following six consecutive sessions of corrections, although overall market sentiment remains subdued as cautious investors are still watchful of the market’s momentum.
The market remained upbeat for the majority of Tuesday’s session, as investors took positions in sector-specific issues with positive expectations ahead of the corporate earnings declarations for the June-closing companies, it said.
Sixteen out of 19 sectors were gainers and three were on the losing side. Of the 398 scrips traded, 273 advanced, 76 declined and 47 remained unchanged at DSE.
Olympic Industries topped the turnover chart. National Life Insurance was the top gainer while New Line Clothing was the top loser. One stock was traded at the floor price.
In the block market, shares of Tk 38.8 crore were transacted, representing a turnover of 6.90 per cent.
The SME index, DSMEX, decreased by 12.11 points and the market generated a Tk 4 crore turnover, a 9 per cent decrease from the previous session.
According to the Royal Capital Financial Portal, Square Pharma and Al-Arafah Bank contributed the most to the gains and losses of the DSEX on the day, and bullish conditions prevailed in the market from the start.
The Chittagong Stock Exchange (CSE) also settled on green terrain on Tuesday, with the selected indices, CSCX, and All Share Price Index, CASPI, adding 40.1 and 62.7 points, respectively.
