The majority number of listed mutual funds (MFs) witnessed price appreciation on Monday following investors' increased participation.
On the day, the MFs also dominated the chart of top 10 gainers on the Dhaka Stock Exchange (DSE).
Following investors' increased participation, the MF sector witnessed the highest --4.6 per cent-- return in market capitalisation on Sunday.
Of 37 listed MFs, the unit prices of 33 funds advanced while the unit prices of two funds declined.
On the other hand, the unit price of the remaining two funds remained unchanged on the DSE.
Of top 10 gainers, eight were MFs on Monday on the premier bourse DSE. The unit prices of those funds advanced ranging 7.27 per cent to 9.75 per cent.
Of those MFs, the unit price of SEML IBBL Shariah Fund advanced 9.76 per cent followed by CAPM IBBL Islamic MF 9.63 per cent, SEML Lecture Equity Management Fund 9.09 per cent, Prime Finance First MF 8.63 per cent, CAPM BDBL MF 01 8.22 per cent, Vanguard AML Rupali Bank Balanced Fund 6.25 per cent, Asian Tiger Sandhaqni Life Growth Fund 7.50 per cent and EBL First MF 7.27 per cent.
The funds which witnessed price correction in unit prices on Sunday are AIBL 1st Islamic Mutual Fund and Southeast Bank 1st Mutual Fund.
The MFs whose unit prices remained unchanged are DBH First Mutual Fund and ICB AMCL Sonali Bank Ltd. 1st Mutual Fund.
The MF sector on Monday posted a turnover of Tk 155.2 million and grabbed 2.4 per cent of the market turnover featured by the DSE.
On the day, the sector had 0.9 per cent share in market capitalisation on the premier bourse DSE.
Apart from the MFs, the sectors which witnessed nominal price appreciation are financial institutions, telecommunication, and engineering.