Stocks gained marginally yesterday with the upbeat trading activities as DSE turnover crossing Tk700 crore-mark after five months.
After ending previous session roughly flat, the market fluctuated in the morning session but managed to end the session in positive mood.
The benchmark index DSEX rose over 20 points or 0.5% to 4,686, extending its rally for the second straight session.
The Shariah index DSES inched 1 points higher to 1,122. The blue chip comprising index DS30 edged 3 points higher to settle at 1,760.
The Chittagong Stock Exchange Selective Category Index CSCX was up 51 points to 8,734.
From the very beginning trading activities got momentum as investors swopped on mainly low-cap engineering, textile and power stocks, which together accounted for more than 45% of the total DSE turnover.
The prime bourse’s turnover jumped at Tk743 crore, which is highest since 6 August last year.
However, stock prices did not move much higher in line with the higher turnover.
Among the sectors, non-banking financial institutions sector extended its rally, driven by ILFSL that soared more than 9%.
Low-cap textile sector also came on investor radar as it gained highest 1.7%. Other sectors like bank and mutual fund increased marginally while cement, engineering and pharmaceuticals declined.
IDLC Investments said the bourse flourished with activities as investors got electrified with stock specific anticipations.
It said while crude oil traded below US$30 in the international market for the first time in 12 years, manufacturing sector outlook gets revised in domestic arena.
It said at the same time, infrastructure development activities triggered serial capacity expansion and product launching in construction sector, as well as lower commodities price beckoned further margins improvement.
