Dhaka stocks regained in the heavily fluctuating market Monday as investors availed lower prices, after a three-day fall.
The market flipped between gain and loss in early trading as it lost 16 points within first twenty minutes and then recovered well in the next forty-five minutes gaining 42 points, before finishing in the positive zone.
The benchmark index DSE General Index (DGEN) gained 17.25 points or 0.40 per cent to close at 4329.49.
The broader DSE All Shares Price Index (DSI) moved up 15.17 points or 0.42 per cent to 3591.40 while the DSE-20 blue chip index added 5.34 points or 0.21 per cent to finish 2516.92.
"The investors bought shares availing lower prices, sending the market into the positive territory," said Fazlur Rahman, deputy managing director of AB Bank Ltd.
The market declined for the three-day straight sessions with biggest single-day fall in five months, making share prices within the grip of investors, he added.
"Rise in stock prices was needed to boost the investors' confidence which eroded for many reasons," said Fazlur Rahman.
Gainers took a strong lead over the losers as out of 235 issues traded, 155 advanced, 77 declined and three remained unchanged.
Shares worth Tk 6.38 billion --- lowest in three months --- were traded on the day, a decline of 15 per cent over the last session.
Most of the institutional investors remained inactive because of their year-end accounts closure, causing turnover to decline sharply, said a merchant banker.
Grameenphone, the most weighted issue in DSE, edged 0.41 per cent higher to Tk 170.80, reversing form its third consecutive-session losing streak.
The banking sector declined marginally and the non-banking financial institutions (NBFIs) sector advanced 1.92 per cent.
The mutual funds fell further 1.52 per cent while the pharmaceutical sector ended lower marginally. Energy sector gained 0.82 per cent while cement and tannery finished higher.
General and life insurers gained 0.54 per cent and 0.90 per cent respectively.
Beximco Ltd, the flagship company of leading industrial conglomerate Beximco Group, continued to retain top turnover position with shares worth Tk 541.46 million traded.
It was followed by Jamuna Oil, Lanka Bangla Finance, AB Bank, Beximco Pharma, Social Islami Bank Ltd (SIBL), Maksons Spinning, Titas Gas, Meghna Petroleum and Shahjalal Bank.
Alltex, Metro Spinning, GQ Ball Pen, Dacca Dyeing, BIFC, Jamuna Oil, Maksons Spinning, Desh Garments and BD Welding were the leading gainers.
The day's major losers were Alpha Tobacco, Savar Refractories, Gemini Sea Food, Sonali Aansh, ICB AMCL 1st Mutual Fund (MF), ICB 1st NRB MF, Grameen One MF and Grameen Scheme Two MF.
The market flipped between gain and loss in early trading as it lost 16 points within first twenty minutes and then recovered well in the next forty-five minutes gaining 42 points, before finishing in the positive zone.
The benchmark index DSE General Index (DGEN) gained 17.25 points or 0.40 per cent to close at 4329.49.
The broader DSE All Shares Price Index (DSI) moved up 15.17 points or 0.42 per cent to 3591.40 while the DSE-20 blue chip index added 5.34 points or 0.21 per cent to finish 2516.92.
"The investors bought shares availing lower prices, sending the market into the positive territory," said Fazlur Rahman, deputy managing director of AB Bank Ltd.
The market declined for the three-day straight sessions with biggest single-day fall in five months, making share prices within the grip of investors, he added.
"Rise in stock prices was needed to boost the investors' confidence which eroded for many reasons," said Fazlur Rahman.
Gainers took a strong lead over the losers as out of 235 issues traded, 155 advanced, 77 declined and three remained unchanged.
Shares worth Tk 6.38 billion --- lowest in three months --- were traded on the day, a decline of 15 per cent over the last session.
Most of the institutional investors remained inactive because of their year-end accounts closure, causing turnover to decline sharply, said a merchant banker.
Grameenphone, the most weighted issue in DSE, edged 0.41 per cent higher to Tk 170.80, reversing form its third consecutive-session losing streak.
The banking sector declined marginally and the non-banking financial institutions (NBFIs) sector advanced 1.92 per cent.
The mutual funds fell further 1.52 per cent while the pharmaceutical sector ended lower marginally. Energy sector gained 0.82 per cent while cement and tannery finished higher.
General and life insurers gained 0.54 per cent and 0.90 per cent respectively.
Beximco Ltd, the flagship company of leading industrial conglomerate Beximco Group, continued to retain top turnover position with shares worth Tk 541.46 million traded.
It was followed by Jamuna Oil, Lanka Bangla Finance, AB Bank, Beximco Pharma, Social Islami Bank Ltd (SIBL), Maksons Spinning, Titas Gas, Meghna Petroleum and Shahjalal Bank.
Alltex, Metro Spinning, GQ Ball Pen, Dacca Dyeing, BIFC, Jamuna Oil, Maksons Spinning, Desh Garments and BD Welding were the leading gainers.
The day's major losers were Alpha Tobacco, Savar Refractories, Gemini Sea Food, Sonali Aansh, ICB AMCL 1st Mutual Fund (MF), ICB 1st NRB MF, Grameen One MF and Grameen Scheme Two MF.
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