Stocks returned to green with having increased turnover yesterday, a day after marginal fall on profit-booking.
The benchmark DSEX index ended at 4,584 with a gain of 34 points or 0.8%. Shariah-based DSES index edged 6 points or 0.7% higher to 947.
The blue-chip comprising DS30 index rose marginally 5 points or 0.4% to 1,614.
The Chittagong Stock Exchange Selective Category Index, CSCX, rallied nearly 66 points to close at 8,996.
Mozaffar Hossain Mills Ltd making its debut dominated both the gainer and turnover charts, gaining 353% to Tk45.3 from its IPO price of Tk10 each and shares worth more than Tk34 crore changing hands.
Trading of the new stock gave a slight boost to the total turnover at DSE by 16% to stand Tk700 crore over the previous session.
Lanka Bangla Securities in its market analysis said after mild correction, the market opened red. However, huge turnover in the second half of the session has brought the index up, it said.
“Investors seem to react positively on growth stocks while monetary policy statement for H2 FY14 is expected to focus on exploring the private sector investment by increasing credit growth.”
Among the key sectors, investors took bank, engineering and power stocks in their buying interest, thus rising market capitalisation by more than 3%, 1% and 0.8% respectively.
IDLC Investment said market started with a sloppy attitude, continuing previous session’s dim mode.
However, as the session approached mid-day, enthusiasm resurfaced leading to a strong turn-around in the bourse.
Small cap companies also dominated the trading as investors became inclined to book some quick profit.
Non-life insurance appeared lucrative to the investors, gaining over 4%, followed by cement almost 3%, pharmaceuticals 1%.
The other large capitalised sectors, including banks, financial institutions and telecommunications were mostly flat.
After Muzaffar Hossain, other top turnover leaders were Confidence Cement, Apex Adelchi, Meghan Petroleum, Lanka Bangla Finance, Appollo Ispat, Padma Oil and Olympic Industries.