Stocks rebounded on Tuesday, after a single-session break, with prime index of the major bourse reaching record high since its inception on January 27, 2013.
Dealers said the market returned to higher as investors showed their buying appetite on large-cap sectors like telecommunication, taking the key index of the prime bourse to record high.
The telecom sector continued to surge as GP, the country’s largest market-cap listed company’s shares price continued to rise and closed at Tk 499.90. It is the highest closing price since listing with the bourses in 2009.
The GP’s share price surged Tk 71.20 or 16.36 per cent within one month since October 15 last.
The market started with a positive note and the upward trend sustained till end of the session amid modest volatility, finally ended more than 35 points higher.
DSEX, the core index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in nearly five years back, went up by 35.52 points or 0.57 per cent to settle at 6,252. It was the highest level of DSEX since its inception on January 27, 2013.
The DS30 index comprising blue chips also followed the suit to close at historical high of 2,278 points, after soaring 16 points. DSE launched the DS30 index on January 27, 2013 with a base point of 1,460.30.
The DSE Shariah Index (DSES) also gained 13.85 points or 1.02 per cent to finish at 1,363.
Along with indices, the total market capitalisation of the DSE also rose to all-time high to Tk 4,250 billion, surpassing the previous high of Tk 4,142 billion recorded on September 17, 2017.
The market activities also crossed Tk 11 billion-mark with total turnover on DSE amounting to Tk 11.77 billion, which was 30 per cent higher than the previous day’s Tk 9.03 billion.
However, the losers took a marginal lead over the gainers as out of 329 issues traded, 166 closed lower, 128 closed higher and 35 remained unchanged on the DSE trading floor.
City Bank topped the day’s turnover chart with 10.17 million shares of Tk 560 million changing hands, closely followed by AB Bank, Grameenphone, Dhaka Bank and ACI.
United Insurance was the day’s best performer, posting a gain of 9.64 per cent while ACI was the day’s worst loser, plunging by 14.29 per cent following its price adjustment after record date.
The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index - CSCX - gaining 69 points to close at 11,732.
Losers beat gainers as 118 issues closed lower, 85 closed higher and 33 remained unchanged on the CSE.
The port city bourse traded 18.39 million shares and mutual fund units worth more than Tk 723 million in turnover.