Economic Reporter :
Stocks backed to the green on Thursday, snapping a three-day losing streak, as bargain hunters showed their buying appetite on large-cap shares.
Analysts said the market edged up as the optimistic investors took position on stocks that saw sharp correction in the recent market erosion.
Positive support of institutional investors including state-run Investment Corporation of Bangladesh (ICB) also played a vital role to close the in the positive note, said a leading broker.
He noted that the news that the Ministry of Finance (MoF) has sought opinions from the central bank and the securities regulator on a loan amount of Tk 100 billion sought by stock brokers to shore up the moribund stock market also encouraged some investors to the market.
The market opened on positive note and the key index soared more than 50 points within 40 minutes of trading. But rest of the session lost some early gains.
Stocks backed to the green on Thursday, snapping a three-day losing streak, as bargain hunters showed their buying appetite on large-cap shares.
Analysts said the market edged up as the optimistic investors took position on stocks that saw sharp correction in the recent market erosion.
Positive support of institutional investors including state-run Investment Corporation of Bangladesh (ICB) also played a vital role to close the in the positive note, said a leading broker.
He noted that the news that the Ministry of Finance (MoF) has sought opinions from the central bank and the securities regulator on a loan amount of Tk 100 billion sought by stock brokers to shore up the moribund stock market also encouraged some investors to the market.
The market opened on positive note and the key index soared more than 50 points within 40 minutes of trading. But rest of the session lost some early gains.
