Stocks ended flat yesterday, extending their rally for the fourth session in a row.
The market opened on upbeat mood and the momentum remained strong till the end of the session.
The Dhaka Stock Exchange benchmark index, DSEX, rose 9 points or 0.3% to 4,642.
The Shariah index, DSES, was marginally up almost 2 points or 0.2% to 1,089.
The comprising blue chips DS30 witnessed fractional gains of 0.2 points to 1,758.
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, shed 5 points to 8,725.
The trading activities were, however, upbeat as turnover at DSE stood at Tk602 crore, an increase of 9.4% over the previous session.
The major sectors posted a mixed performance with non-banking financial institution posting highest gain of over 2%, followed by power, IT, textile and telecommunication that closed almost flat.
Food and allied, pharmaceuticals and banks edged down.
Lanka Bangla Securities said index had a stellar rally at the beginning of the trading session. However, profit booking in last hour narrowed the gain, it said.
“Market kept its bullish trend intact as it observed two consecutive green days after crossing 4,600 level. Strong market sentiment is evident by the high market turnover and return on picky stocks.”
IDLC Investments said market momentum continued for the fourth consecutive session amid improved turnover.
It said large cap stocks still demonstrate a strong conviction from the investors’ part, while a number of non-banking financial institutions showed up in the top gaining list.
The gainers beat the losers as of 295 issues traded, 185 advanced, 88 declined and 22 remained unchanged.
Mobil Jamuna Limited Bangladesh was the most traded stocks with shares worth nearly Tk34 crore changing hands, followed by Lafarge Surma Cement Ltd Bangladesh, Beximco Limited, BSRM Steel, Grameenphone and Beximco Pharma.