Stocks extended their gaining streak for the third consecutive session Monday, with the key index of the Dhaka Stock Exchange (DSE), crossing the 6,600-mark after four months.
DSEX, the key index of the DSE (DSE), went up by 65.74 points or 1.0 per cent to settle at 6,600.88. DSEX added 113 points in the past three trading days.
Turnover, a crucial indicator of the market, jumped to Tk 19.90 billion on the premier bourse, which was 10 per cent higher than the previous day’s tally of Tk 18.14 billion.
Market insiders said the market remained bullish amidst enthusiastic participation as the investors are more confident to put fresh bets anticipating positive momentum ahead.
The investors persisted in their buying binge on sector-wise big-cap stocks ahead of the dividend season as they expect strong earnings for the companies whose financial year ended in June, said a leading broker.
Besides, the recovery signs on the macroeconomic front, particularly stability in the foreign exchange rates, rising export, increasing remittance inflow as well as declining imports, encouraged investors to remain in the trading floor, he said.
Two other indices also ended higher. The DS30 Index, comprising blue-chip companies, rose 42.59 points to close at 2,406 and the DSES Index advanced 15.72 points to finish at 1,451.
Losers, however, took a lead over the gainers, as of the 371 issues traded, 155 declined, 88 advanced and 128 others remained unchanged on the DSE trading floor.
Beximco became the most-traded stock with shares worth Tk 2.79 billion changing hands.
The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index (CASPI) rising 193 points to settle at 19,394 and its Selective Categories Index (CSCX) gaining 116 points to close at 11,624.
Of the issues traded, 94 declined, 72 advanced and 103 issues remained unchanged.
The port-city bourse traded 17.17 million shares and mutual fund units with a turnover value of Tk 934 million.