Business Desk :
Stocks extended their winning streak Wednesday, with a turnover crossing Tk 20 billion-mark once again, as the enthusiastic investors put fresh funds on major sector shares amid high hopes.
DSEX, the prime index of the Dhaka stock exchange, went up by 24.38 points or 0.38 per cent to finish at 6,457. The DSEX added about 177 points in the past five trading days.
Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 3.73 points to finish at 2,283 and the DSE Shariah index gained 2.38 points to close at 1,398.
Turnover, a crucial indicator of the market, stood at Tk 20.05 billion on the country’s premier bourse, a further buck by 13 per cent over previous day’s mark of Tk 17.69 billion.
Market operators said the market remained bullish amidst enthusiastic participation as the investors are more confident to put fresh bets on major sector stocks anticipating positive momentum ahead.
The growth in turnover and index — the two most important indicators of the market — in general suggests investors’ confidence in the market is back on the ascent, said a merchant banker.
He noted that the recent recovery signs on the macroeconomic front, particularly foreign exchange market stability, easing inflationary pressures, and slashing fuel prices kept the market afloat.
