Stocks ended with moderate gains amid volatility yesterday, extending their rally for the second consecutive session.
The market started with happy note rising more than 30 points but profit taking sale pressure eroded half of early gains at the final session.
Rally in financial and consumer stocks offset losses in pharmaceuticals and textile stocks
which dropped marginally on profit booking.
The benchmark DSEX added 13 points or 1% to close at 4,944, after posting fractional rise in the previous session.
The Shariah index DSES witnessed fractional rise of 0.2 points to 1,152. The comprising blue chips DS30 ended at 1,822 with a slight gain of 2 points.
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, settled at 9,292 with a rally of 18 points.
Participation in trading improved a bit as DSE turnover stood at Tk4.4 crore, which was 1.7% higher over the previous session. Pharmaceuticals, engineering, bank and textile sectors contributed more than 51% of the total trade.
All the major sectors declined marginally. Banks edged 0.9% higher, followed by telecommunication 0.8%, non-banking financial institution 0.7%, cement 0.6%, food and allied 0.6% and power 0.9%.
Gainers beat losers as 304 issues traded, 162 closed in green territory, 111 in red and 31 remained unchanged.
IDLC Investments said facing consistent volatility with investors’ focus on mini and mid caps, broad market index settled in positive territory.
It said despite cautious on fresh fund investments, turnover improved.
Lanka Bangla Securities said market reverted to green note backed by financial and consumer goods stocks. Financial stocks got a fillip after making correction in last three trading sessions, it said.
The country’s top mobile phone operator Grameenphone was the most traded stock with shares worth Tk13.6 crore.
Other turnover leaders include Beximco Pharmaceuticals, Square Pharmaceuticals, Qusem Drycell, Hamid Fabrics, Summit Alliance and Port Limited and BD Thai Aluminum.
State-owned Ruplai Bank was the biggest gainer surging over 6%, followed by Anwar Galvanising, Legacy Footwear, Hakkani Pulp and Paper, Desh Bandhu Polymer and Sino Bangla Industries.
Sonali Ansh was the worst loser falling over 13%, followed by Khan Brothers PP Woven Bag Industries and Hamid Fabrics.