The investors brought in almost Tk 109.74 billion fresh funds on the Dhaka Stock Exchange (DSE) within only two days ahead of Eid holidays despite maintaining lockdown.
Besides, stocks extended the gaining streak for the fifth straight days as investors' buying appetite continued on sector-wise securities based on the quarterly earnings and year-end dividend declarations.
The Dhaka Stock Exchange (DSE) crossed the 5,700-mark to close at 5,724.37 points on Tuesday ahead of the Eid holiday, up 213 point in the straight fifth days from 5,511 points on May 3.
Market analysts said the investors continued their buying spree in selective securities amid growing of investors’ confidence in the market.
They said the stocks witnessed an upward trend due to positive regulatory initiatives coupled with lowering the circuit breaker as several companies prompted investors to put fresh funds on stocks.
The stocks witnessed continuously upward trend on the back of positive macroeconomic indicators in the country like remittance, foreign reserve, and export growth coupled with better than expected earnings declarations, they added.
They further said that lower return from the money market, easing virus worries coupled with an extension of margin loan cap implementation time for another six months, continued to lure investors to put fresh funds on stocks.
Market capitalization of the DSE went up by 2.30 percent or Tk 10,974 crore to Tk 488630.4 crore on Tuesday from Tk 477656.70 on Thursday.
DSEX, the core index of the DSE, increased 78.67 points or 1.39 percent to close at 5,724 on Tuesday from the previous day. It has been three and a half months high since January 28.
The DSE 30 Index, comprising blue chips, went up 28.76 points to settle at 2,194 and the DSE Shariah Index (DSES) rose 10.41 points to finish at 1,271.
The total turnover also increased to Tk 14.03 billion on the country’s prime bourse, up 3.78 percent over the previous day amounting Tk 13.52 billion.
Out of 362 issues traded on DSE floor, 218 advanced, 71 declined and 73 issues unchanged on the DSE trading floor.
Beximco continued to dominate the turnover chart with shares worth about Tk 1.20 billion changing hands.
It was by followed by Brac Bank (Tk 570 million), National Feed Mills (Tk 513 million), BATBC (Tk 445 million) and Robi (Tk 425 million).
On the other hand, the port city bourse, the Chattogram Stock Exchange (CSE) also saw a positive trend with its selective category index (CSCX) gaining 142 points on Tuesday to close at 9,990 points.
The All-Share Price Index (CASPI) of the CSE was higher by 235 points to close at 16,566 points.
Of the 287 issues traded on CSE floor, 176 advanced, 65 declined and 46 remained unchanged on the CSE.
The port city's bourse traded 21.61 million shares and mutual fund units with turnover value of Tk 53.60 crore.