Economic Reporter :
Country’s premier bourse, Dhaka Stock Exchange (DSE) on Wednesday bounced back to the green as the opportunist investors took position in sector specific shares based on the ongoing quarter-end earnings and year-end dividend declarations.
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.
The market opened on positive note and the upturn sustained until end of the session with some volatility in the first hour of trading.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 12.45 points or 0.26 per cent to settle at 4,683, after losing102 points in the past three sessions.
The DSE Shariah Index also gained 4.68 points to close at 1,072. However, the DS30 index, comprising blue chips, fell 4.02 points to finish at 1,631.
Turnover, another important indicator of the market, stood at Tk 3.47 billion, which was 3.0 per cent lower than the previous day’s turnover of Tk 3.58 billion.
The gainers took a strong lead over the losers as out of 352 issues traded, 204 closed higher, 105 ended lower and 43 issues remained unchanged on the DSE trading floor.
A total number of 120,942 trades were executed in the day’s trading session with trading volume of 111.43 million securities.
