Stocks extended a gaining streak for the 2nd straight day in a row on both the bourses on Thursday as investors showed buying spree to secure position on sector-wise securities, especially engineering sector.Market analysts said the share market have gained a positive momentum as investors are busy in buying shares on sector-wise securities by taking the advantage of low prices of most of securities.
They said share market witnessed slightly upward trend as most of the investors were active on both sides of trading fence amid ongoing earnings declaration.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 3.24 points or 0.06 percent to finish at around 5,337 points.
Besides, the comprising blue chips index (DS30) of DSE rose 4.48 points to finish at 1,904 points and DSE Shariah index increased 3.98 points to close at 1,273 points.
However, the total turnover of the DSE increased by 5.68 percent to Tk 9,122.31 million from the previous day’s Tk 8,635.38 million.
The market capitalisation of the DSE stood at Tk 3,870 billion on Thursday from Tk 3,867 billion in the previous day.
Of the 337 issues traded. Of those, 150 closed higher, 153 closed lower and 34 remained unchanged.
BBS Cables dominated the turnover chart and became the top on the DSE floor with 5,110,541 shares worth Tk 506.46 million changing hands. It was followed by Golden Harvest Agro Industries (Tk 252 million), The IBN Sina (Tk 235 million), Legacy Footwear (Tk 222 million) and Monno Ceramic Industries (Tk 211 million).
Padma Life Insurance was the day’s best performer, posting a gain of 10 percent while Emerald Oil Industries was the worst loser, losing 10 percent.
Meanwhile, the CSE saw positive trend on thursday with its selective category index (CSCX) gaining 39.78 points to 9,948.08 points. At the CSE, gainers beat losers as out of 252 issues traded, 121 closed higher, 112 finished lower and 19 remained unchanged.
However, the number of shares transacted on the CSE floor was 10,014,866 and the total turnover in value was Tk 15.21 crore.