The Dhaka Stock Exchange on Tuesday witnessed a surge in its turnover, surpassing the Tk聽1,000-crore mark after 63 days, as optimistic investors continued to buy low-priced scrips after a prolonged market fall, market operators said.
The total turnover of the Dhaka bourse on the day stood at Tk聽1,019.08 crore, an increase by more than Tk聽130 crore than the previous session.
Before Tuesday, the DSE posted its turnover above the Tk聽1,000-crore mark on May 7, standing at Tk聽1,108.34 crore.
The turnover on the Dhaka bourse in the previous session on Monday was Tk聽888.57 crore.
The key index of the DSE also witnessed a gain on the day, advancing for six straight days.
DSEX, the key index of the DSE, increased by 30.01 points, or 0.53 per cent, to close at 5,594.64 points on the day, after adding 5.68 points in the previous session.
The key index on Tuesday started the session with volatile trading and dived after one hour of the session, but rose immediately.
Then it maintained volatile trading trend till the end of the session, ultimately finishing in the green territory.
Market operators said the market fell so much recently that even a little good news could help it go up.
A recent IPO refund might have boosted the sentiment of the investors on the market because as investors injected fresh funds into it, they said.
They noted that many investors sold their shares for various reasons before the financial year ended in 2023-24, and then reinvested in the newly started financial year.
In the past 20 weeks, the DSE moved forward in only six weeks.
Of the 393 issues traded on Tuesday, 237 advanced, 111 declined and 45 remained unchanged.
The DSE Shariah index increased by 8.17 points, or 0.67 per cent, to close at 1,223.32 points on the day.
The DS30 index gained 4.63 points, or 0.23 per cent, to finish at 1,964.53 points.
On the sectoral front, pharmaceutical issues exerted the highest turnover, followed by the textile and food shares.
EBL Securities in its daily commentary said, 鈥楧espite the market extending mild volatility until the first two hours of Tuesday鈥檚 session, optimistic investors outnumbered on the trading floor owing to the subsequent buy dominance that helped the market to resume its recovery mode.鈥�
Sea Pearl Beach Resort & Spa topped the turnover chart on the day with its shares worth Tk聽53.58 crore changing hands.
Capitec Grameen Bank Growth Fund, Beach Hatchery, Salvo Chemical Industry, Taufika Foods and Lovello Ice-cream, Asiatic Laboratories, Orion Pharma,
Far East Knitting & Dyeing Industries, Alif Industries and Central Insurance were the other turnover leaders.
