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The turnover of the country’s premier bourse – Dhaka Stock Exchange (DSE) – witnessed a massive surge on Tuesday, as investors started pouring funds into equities in hope of the shine of the market.
Meanwhile, the key index of the premier bourse also continued to rise following the investors’ interest in sector-specific scrips.
The turnover of the DSE jumped 29.1 per cent to Tk 713 crore yesterday against the turnover tally of Tk 552 crore in the previous session.
Meanwhile, the DSEX, the benchmark index of the capital bourse, added 11.4 points to settle at 6,264, a 10-week high.
The benchmark index of the DSE extended its upward momentum for seven consecutive sessions, riding on investors’ con-tinuous buying binge on sector-specific issues with earnings recovery potential in the recent quarter, said EBL Securities, a stockbroker, in its daily market review.
The market upheld the upward momentum throughout the session as buoyant investors continued their chase for lucrative scrips with positive expectations regarding their financial performance due to the ease of the macroeconomic adversities, it added.
The food and allied sector topped the turnover chart with a contribution of 16.8 per cent of the total turnover of the DSE, followed by IT (12.8 per cent) and travel (11.7 per cent).
Unique Hotel & Resorts PLC was the day’s most traded stock with Tk 46.4 crore worth of shares changing hands, followed by Genex Infosys Limited (Tk 36.9 crore), and Eastern Housing Limited (Tk 34 crore).
Most sectors displayed positive returns, out of which the services posted the highest gain of 2.9 per cent, followed by ce-ment (1.5 per cent) and IT (0.8 per cent).
On the other hand, the tannery faced the highest correction of 0.2 per cent, followed by travel (0.2 per cent) and life insur-ance (0.1 per cent).
Heidelberg Cement Bangladesh Ltd topped the DSE’s gainer chart with a return of 10 per cent, while Legacy Footwear Ltd was the day’s worst sufferer with a loss of 4.9 per cent.
Out of the issues traded, 83 advanced, 53 declined and 256 remained unchanged on the DSE trading floor.
