Stocks extended a gaining streak for the 2nd straight day in a row on both the bourses on Sunday as investors showed buying spree to secure position on sector-wise securities, especially banking and financial sectors.
Market analysts said the share market gained a positive momentum as investors were busy in buying shares on sector-wise securities by taking the advantage of low prices of most of the securities.
The market opened on an upward trend and the prime index of the DSE gained by almost 40 points to cross the 5,400-mark in the mid-day.
After that, it declined the rest of the day. Finally, the prime index of the Dhaka Stock Exchange (DSE) advanced only 3.74 points or 0.06 percent to settle at 5,366 points.
Besides, the blue chips index (DS30) of DSE rose 2.67 points to finish at 1,929 points and DSE Shariah index increased 5.90 points to close at 1,267 points.
However, the total turnover of the DSE declined by 1.10 percent to Tk 8,924.95 million from the previous day’s Tk 9,028.34 million.
Of the 339 issues traded, 128 closed higher, 165 finished lower and 46 remained unchanged.
Bashundhara Paper Mills dominated the turnover chart and became the top on the DSE floor with 3,811,394 shares worth Tk 666 million changing hands.
It was followed by Ratanpur Steel
(Tk 422 million), United Power (Tk 293 million), BBS Cables (Tk 244 million) and Alif Industries (Tk 194 million).
Prime Textile Spinning Mills Limited was the day’s best performer, posting a gain of 10 percent to Tk 40.70 while Bashundhara Paper Mills was the worst loser, losing 9.23 percent to Tk 164.
Meanwhile, the CSE saw positive trend on Sunday with its selective category index (CSCX) gaining 8.88 points to 9,992.84 points.
At the CSE, gainers beat losers as, out of 237 issues traded, 109 closed higher, 104 finished lower and 24 remained unchanged.
However, the number of shares transacted on the CSE floor was 13,412,502 and the total turnover in value was Tk 44.94 crore.