Home ›› 03 Apr 2023 ›› Stock
Dhaka stocks continued their positive momentum in the first trading session of the week as investors kept chasing down lucrative issues in an anticipation of quick gains.
The DSEX, the broad index of the Dhaka Stock Exchange (DSE), advanced 11.0 points to settle at 6,218 against 6,207 in the previous trading session.
The capital bourse, however, witnessed a decrease in participation, with the total turnover declining by 20.2 per cent to Tk 531 crore against Tk 666 crore in the previous trading session.
The purchase dominance prevailed across the bourse as optimistic investors opted to take fresh bets into the rallying scrips with a quick-gain hope, causing the market to remain upbeat throughout the session, said EBL Securities, a stockbroker, in its daily market review.
But, the small-cap companies were seen to rein in the gaining chart of the DSE on Sunday.
Moreover, investors got enticed by the recent regulatory developments to enhance money flow into the market, creating a positive sentiment among them, according to the EBL Securities.
The IT sector topped the turnover chart with a contribution of 20.3 per cent, followed by food (11.1 per cent) and pharma (9.7 per cent).
Most sectors displayed positive returns yesterday, with the paper posting the highest gain of 2.2 per cent, followed by IT (1.8 per cent) and tannery (1.5 per cent).
On the other hand, the travel faced the highest correction of 2.0 per cent, followed by jute (0.6 per cent) and bank (0.1 per cent).
Legacy Footwear Ltd topped the gainer list with a return of 9.8 per cent, while Miracle Industries Ltd was the day’s worst sufferer with a loss of 5.4 per cent. Out of the issues traded, 83 advanced, 46 declined and 263 remained unchanged.
The port city bourse, CSE, also settled on green terrain, with its two major indices – the selected indices (CSCX) and the all-share price index (CASPI) – advanced by 18.5 points and 29.9 points respectively.
