Stocks gained Sunday with increased trading activities, ending flat session over a week.
The benchmark index, DSEX, crossed 4,100-mark after five trading sessions and rose 46 points or 1% to close at 4,124. The blue chip index DS30 was up 21 points or 1.4% to 1,530.
The Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, closed at 8,038 with a rise of 105 points to 8,038.
“The market experienced a natural re-bounce after thirteen down and flat sessions. Investors’ confidence continued to maintain its uptrend, pushing turnover up,” said IDLC Finance in its daily market analysis.
Alongside this, investors’ consistent item-by-item focus assisted 130 out of 295 traded scrips to be changed by over 4% of their respective prices, it said.
All the major sectors ended in green with telecommunications leading the way with a gain of 4.6%, followed by power that ended 1.6% higher.
Pharmaceuticals and non-banking financial institutions posted marginal gains. Banks, the bellwether of the market, ended flat.
But the mini cap gained 2.24% and micro cap 2.3%. In such situation, investors centralised their activity mostly in textile and pharmaceuticals that accounted for 13.3% and 12.4% of the total turnover.
Tannery sector was the worst performer with a loss of 2.51%, followed by food and allied 1.7%, and cement 0.9%.
The total turnover value at DSE marked 2-week high, amounting to Tk6bn, up by 4.5% over the previous session.
Bangladesh Submarine Cable Company Ltd (BSCCL) was the most traded stock of the session with a turnover of Tk261m. It is followed by Active Fine Chemicals, RN Spinning Mills, Grameenphone, Heidelberg Cement, CVO Petro Chemical and Olympic Industries.
