Business Desk :
Stocks in Bangladesh returned to black on Thursday after falling for a day, thanks to increasing investors’ participation.
The stocks rebounded strongly snapping a single-day break, as buoyant investors put fresh funds on selective large-cap shares.
The market opened higher and the upbeat trend continued until the end of the session with no sign of reversal, ultimately ending over 74 points higher.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 74.72 points or 1.18 per cent to settle at 6,355, after losing 35.47 points the previous day.
Two other indices also ended higher with the DS30 index, comprising blue chips, rising 23.66 points to finish at 2,267 and the DSE Shariah Index rose 11 points to close at 1,390.
Turnover, an important indicator of the market, jumped to Tk 17.77 billion, which was 57 per cent higher than the previous day’s tally of Tk 11.34 billion.
Market insiders said stocks rebounded strongly with increased turnover value as the optimistic investors put fresh bets on major sector stocks amid growing confidence in the market.
Gainers took a strong lead over the losers, as out of 379 issues traded, 234 closed higher, 54 lower and 91 others remained unchanged on the DSE trading floor.
Orion Pharma became the most-traded stock for the second straight session with shares worth Tk 1.08 billion changing hands, followed by Fortune Shoes, Beximco, IPDC Finance and Delta Life Insurance.
National Housing Finance was the day’s top gainer, gaining 10 per cent while Sonargaon Textiles was the day’s worst loser, shedding 3.63 per cent.
The Chittagong Stock Exchange (CSE) also rebounded strongly with the CSE All Share Price Index (CASPI) rising 139 points to settle at 18,643 and its Selective Categories Index (CSCX) gaining 84 points to close at 11,172.
Of the issues traded, 166 advanced, 70 declined and 76 issues remained unchanged.
The port-city bourse traded 12.99 million shares and mutual fund units with a turnover value of Tk 362 million.
