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Dhaka stocks extended their gaining streak for the second straight session on Thursday as opportunist investors continued to chase down sector-specific issues following the recent market corrections.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), surged 10.3 points to settle at 6,215 against 6,205 in the previous trading session.
Turnover, another crucial market indicator, edged up by 0.7 per cent to Tk 414 crore against Tk 411 crore in the previous session.
The purchase dominance prevailed across the bourse almost throughout the session as bargain hunters perceived some selective issues to be traded at a lucrative price level, according to EBL Securities, a leading brokerage house.
Investors, however, shifted their focus toward short-term profit booking opportunities in the absence of a major positive trigger in the market, creating continuous volatility on the trading floor, it said in its daily market review.
The IT sector topped the turnover chart with a contribution of 18.0 per cent of the total turnover of the DSE, followed by food at 17.4 per cent and pharma stocks at 8.6 per cent.
Aamra Networks Limited was the day’s most traded stock with Tk 30.8 crore worth of shares changing hands, followed by Eastern Housing Limited, and Bangladesh shipping Corporation.
Most sectors displayed positive returns, out of which the paper sector posted the highest gain of 1.0 per cent, followed by services standing at 0.8 per cent and miscellaneous at 0.5 per cent.
On the other hand, the jute sector faced the highest correction of 1.2 per cent, followed by IT at 0.9 per cent and life insurance at 0.6 per cent.
Tosrifa Industries Limited topped the DSE’s gainer list with a return of 9.1 per cent, while Legacy Footwear Ltd was the day’s worst sufferer with a loss of 9.5 per cent.
Out of the issues traded, 69 advanced, 44 declined and 279 remained unchanged.
The port city bourse, Chittagong Stock Exchange, also settled on green terrain, with its two major indices – the selected indices (CSCX), and the All Share Price Index (CASPI) – advanced by 17.3 points and 28.9 points, respectively.
