Stocks continued to rally for the second straight session yesterday with benchmark index climbing to almost 20-week high.
The market opened higher in the morning, buoyed by buying spree particularity on small cap and some selective large-cap issues but lose some points amid profit taking on banks and telecommunications.
After rising more than 45 points in early trade, the Dhaka Stock Exchange benchmark index, DSEX, fell 15 points or 0.4% before closing at 4,663 – highest since April 27.
The Shariah index, DSES, was marginally up 4 points or 0.5% to 1,095. The comprising blue chips DS30 closed at 1,777 with a rise of 13 points or 0.8%.
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, gained 33 points to 8,749.
Activities increased significantly at the DSE as turnover increased by 21.9% to Tk640 crore.
After a little correction, some small cap stocks gained substantially. Among the major sectors, IT sector was the largest gainer with 4.7% rise, followed by financial institutions 2.9%, cement 1.3%, pharma 0.6%, and fuel and power 0.5%.
Among negative performers, banks, non-life insurance and telecommunication edged lower.
Lanka Bangla Securities said market rejuvenated with renewed position on stocks as investors got bullish aiming for higher target.
After a short pit stop, the bull has hit on the months high in benchmark index.
IDLC Investments said investors’ focus on micro cap and selective large cap stocks assisted the bourse to end in positive territory.
Investors’ sustaining preference to blue chip stocks aided DS30 to record at historical highest of 1,777 since January 2014.
Beximco Ltd was the most traded stocks with shares worth nearly Tk27 crore changing hands, followed by Lafarge Surma Cement Ltd Bangladesh, Mobil Jamuna Limited, ACI Ltd, Shurwid, Singer Bangladesh and Renata Bangladesh.
