Stocks registered gains yesterday as investors took position after taking profits in two previous sessions.
The benchmark DSEX index rose 57 points or 1.4% to 4,125, as a result. The blue chip index DS30 gained 24 points or 1.6% to 1,561.
The Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, was up 115 points to 8,092.
Turnover hit little over Tk7bn, which was 49% higher over the previous session’s value and the highest turnover since July 18.
The total turnover value at DSE stood at Tk7.4bn, up by 30.2% over previous session’s value and largest in one month.
“The closing session of the week returned with positive vibe after a slight breakthrough in last two sessions,” said IDLC Investment in its daily market analysis.
Like previous sessions, scrip-wise swings prevailed throughout the session as 85 out of 291 traded posted more than 4% gain.
However, no fresh schedule of political protest as well as index’s positioning over psychological level of 4,000 points for the fifth consecutive session might knock investors’ sentiment very positively.
The rally was led by tannery that gained 6.44%, cement 4.46%, food and allied 3.92%, telecommunications 3.58%, pharmaceuticals 2.29% and power 1.15%. Banks and life insurance ended flat, however.
“Most of the multinational companies (MNCs) were seller less. Investors are probably looking for a safe haven in this oscillating market as MNCs historically have market neutral price movement,” said Lanka Bangla Securities.
On the other hand, most of them posted encouraging operating performance in recent quarter, it said.
Bangladesh Submarine Cable Company Ltd became the top turnover leader with shares worth Tk340m changing hands, followed by Grameenphone, Padma Oil, Square Pharmaceuticals, Meghna Petroleum, Active Fine Chemicals and Confidence Cement.
