Business Report :
The capital market on Tuesday extended its recovery mode for the second consecutive session as bargain hunters favored taking positions in potentially lucrative scrips since the market has undergone consecutive corrections in the previous week.
DSEX, the broad index of the Dhaka Stock Exchange (DSE), advanced by 45.7 points and settled at 5,225 points as against 5,179 points in the previous trading session.
Market analysts observed that the indices extended their upbeat vibe throughout the session, aided by the price appreciation of particular large-cap scrips, as opportunistic investors outnumbered on the trading floor and aimed their buying interest in anticipation of quick gains following the recent corrections in the market.
Meanwhile, market turnover also increased by 48.0% to BDT 4.5 billion as against Taka 3.0 billion in the previous session. On the sectoral front, Pharma (25.2%) issues exerted the highest turnover, followed by Bank (10.3%) and Textile (10.0%) sectors, reports BSS.
Most of the sectors displayed positive returns, out of which Jute (2.5%), Services (2.0%) and Paper (2.0%) exerted the most gains, while only Mutual Fund (-0.1%) exerted marginal corrections on the bourse on Tuesday.
Out of the 397 issues traded, 210 advanced, 105 declined and 82 remained unchanged.
The port city bourse, CSE, also settled on green terrain. The selected indices (CSCX) and All Share Price Index (CASPI) rose by 44.2 and 74,0 points, respectively.
