BSS, Dhakam :
Dhaka stocks finished bullish Wednesday for the third day in a row while the broader price index neared 5000-point mark.
Activities were higher from the opening with the DSEX gaining nearly 1.0 percent or over 36 points to reach at 4968.97 in the first one hour of trading. The expectation was high that the index would cross the 5000 points barrier again, but it finished the day marginally lower at 4992.00 with adding 59.10 points or 1.19 percent to the last session’s closing.
“Rising from the oversold state, market has upheld it bullish trend with almost 250 points up in last three trading sessions,” said Lanka Bangla Securities Limited.
The blue-chip DS30 and Shariah DSES also showed strong trend when shares across the board gained on higher participation. The DS30 closed the day 16.39 points or 0.89 percent higher at 1853.83 when the DSES ended 12.35 points or 1.07 percent up at 1166.37.
The news about higher remittance inflow in November also influenced people to inject fresh fund into market where share prices of many companies came down to lucrative level.
“Since bullishness prevailed in the last two consecutive sessions, investors find confidence of coming back to the market again. Besides, expectations continued matching lucrative price level, which enforced fresh fund injection,” said IDLC Investment Limited.
The daily trade value spiked by 38.30 percent to Taka 5.16 crore when the volume surged by 43.32 percent to 12.22 crore shares from Monday’s 8.53 crore shares worth Taka 373.56 crore.
Like previous sessions, the trading activities remained sector-focused including fuel and power, pharmaceuticals and bank. The three sectors captured nearly half of the day’s turnover. Eventually, Titas Gas, Square Pharma, AB Bank and Beximco Pharma took positions among the day’s 10 top most liquid scrips.
The top active issue, however, was Keya Cosmetic when it attracted buyers in voluminous transaction for reason not known. Share price of this issue also became 5.80 percent dearer at close though the authorities of the company denied any undisclosed price sensitive information.
Telco stocks were among the major laggard with 3.78 percent and 0.64 percent loss respectively, while bank, cement, fuel and NBFI supported the day with 1.7 percent, 1.34 percent, 2.58 percent and 0.85 percent gain respectively. Notably, all banks finished higher for the second day in recent time.
Pharma Aid topped the day’s 235 gainers with nearly 9.0 percent rise in price at close. The other major advancing issues were Quasem Drycell, Rahim Text, SPCL and Apex Spinning.
Share price of Northern Jute continued to suffer slide to make it the worst loser among 49 lagging issues. The other major losers included RNSPIN, Bengal Windsor, NTC and Envoy Tex.
Dhaka stocks finished bullish Wednesday for the third day in a row while the broader price index neared 5000-point mark.
Activities were higher from the opening with the DSEX gaining nearly 1.0 percent or over 36 points to reach at 4968.97 in the first one hour of trading. The expectation was high that the index would cross the 5000 points barrier again, but it finished the day marginally lower at 4992.00 with adding 59.10 points or 1.19 percent to the last session’s closing.
“Rising from the oversold state, market has upheld it bullish trend with almost 250 points up in last three trading sessions,” said Lanka Bangla Securities Limited.
The blue-chip DS30 and Shariah DSES also showed strong trend when shares across the board gained on higher participation. The DS30 closed the day 16.39 points or 0.89 percent higher at 1853.83 when the DSES ended 12.35 points or 1.07 percent up at 1166.37.
The news about higher remittance inflow in November also influenced people to inject fresh fund into market where share prices of many companies came down to lucrative level.
“Since bullishness prevailed in the last two consecutive sessions, investors find confidence of coming back to the market again. Besides, expectations continued matching lucrative price level, which enforced fresh fund injection,” said IDLC Investment Limited.
The daily trade value spiked by 38.30 percent to Taka 5.16 crore when the volume surged by 43.32 percent to 12.22 crore shares from Monday’s 8.53 crore shares worth Taka 373.56 crore.
Like previous sessions, the trading activities remained sector-focused including fuel and power, pharmaceuticals and bank. The three sectors captured nearly half of the day’s turnover. Eventually, Titas Gas, Square Pharma, AB Bank and Beximco Pharma took positions among the day’s 10 top most liquid scrips.
The top active issue, however, was Keya Cosmetic when it attracted buyers in voluminous transaction for reason not known. Share price of this issue also became 5.80 percent dearer at close though the authorities of the company denied any undisclosed price sensitive information.
Telco stocks were among the major laggard with 3.78 percent and 0.64 percent loss respectively, while bank, cement, fuel and NBFI supported the day with 1.7 percent, 1.34 percent, 2.58 percent and 0.85 percent gain respectively. Notably, all banks finished higher for the second day in recent time.
Pharma Aid topped the day’s 235 gainers with nearly 9.0 percent rise in price at close. The other major advancing issues were Quasem Drycell, Rahim Text, SPCL and Apex Spinning.
Share price of Northern Jute continued to suffer slide to make it the worst loser among 49 lagging issues. The other major losers included RNSPIN, Bengal Windsor, NTC and Envoy Tex.
