Staff correspondent
Stocks rebounded on both the bourses on Tuesday after breaking a two-day losing streak in a row as investors showed buying spree to secure the position and put fresh funds on sector-wise securities.
Market analysts said the share market have again seen in a positive momentum as investors showed buying spree and took position in stocks on sector-wise securities after booking profit.
However, the total turnover of DSE rose by 21 percent to Tk 10,882 million from the previous day’s Tk 9,012.62 million.
The market witnessed the biggest single-day turnover in the last eight months since November 21, 2017 when the turnover reached a record Tk 10.91 billion.
Market analysts said the investors diverted funds on stocks amid low interest rates on bank deposits and dividend expectation of June-ending companies, taking the turnover nearly eight months high.
The DSEX, prime index of DSE rose by almost 30 points or 0.56 percent at 5,371 points on Tuesday.
Meanwhile, the blue chips index (DS30) gained slightly by 1.08 points or 0.05 percent to close at 1,911 points. The DSE Shariah Index (DSES) also increased by 2.76 points or 0.21 percent to close at 1,271 points.
Of 339 issues traded, 183 closed higher, 99 incurred losses and 57 remained unchanged on the DSE trading floor.
Bashundhara Paper Mills dominated the turnover chart and became the top on the DSE floor with 2,770,189 shares worth Tk 458.83 million changing hands.
It was followed by BBS Cables (Tk 369.87 million), Ratanpur Steel Re-rolling Mills (Tk. 322.88 million), Pacific Denims (Tk 264.71 million) and Paramount Textile (Tk 258.37 million).
Peninsula Chittagong Limited was the day’s best performer, posting a gain of 10 percent to Tk 28.60 while Arnamit Limited was the worst loser, plunging by 7.36 percent to Tk 445.30. Meanwhile, the CSE saw a positive trend on Tuesday with its selective category index (CSCX) gaining 53.26 points to 10,012.57 points.
At the CSE, gainers beat losers as out of 227 issues traded, 110 closed higher, 92 finished lower and 25 remained unchanged.
However, the number of shares transacted on the CSE floor was 16,520,904 and the total turnover in value was Tk 62.16 crore.