The market opened with an upbeat note, but could not sustain as session progressed amid choppy trading. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,486.19 points, gaining only 1.29 points or 0.2 per cent.
The other two indices also closed in the green. The DS30, comprising blue chips gained 3.03 points or 0.18 per cent to close at 1,652.70 points. The DSE Shariah Index went up by 5.88 points or 0.57 per cent to close at 1,026.27 points.
Though turnover declined by 9.79 per cent, investors' participation was encouraging in recent time. The total turnover stood at Tk 5.88 billion against Tk 6.51 billion in the previous session's three and a half month high level.
The investors attention was mainly focused on pharmaceuticals, fuel and power, textile and engineering sectors, accounted for 21.77 per cent, 16.47 per cent, 12.49 per cent and 8.68 per cent respectively of the day's total turnover.
"The stock market's recent bullish spell endured a flat session as the investors booked their profit in one sector and looked for new opportunities in another," commented International Leasing Securities, in its regular market analysis.
Most of the sectors enjoyed price appreciation, however, investors' attention was concentrated particularly in GP and couple of newly listed issues, it said.
"The impact of price appreciation of large cap issues on indices was on the subdued by the overall decline in the some of the major sectors," said the International Leasing.
IDLC Investments, said: "Large cap stocks pulled up the market momentum. Coupled with volatile market movements, stock specific focus knocked investors, significantly".
Some specific scrips like GP and MJL BD demonstrated robust performance, gaining 5.20 per cent and 4.08 per cent respectively.
"Volatility grips the day's overall trading pattern, as investors went rampant with their buying spree and profit taking moves," observed Zenith Investments.
Investors are highly optimistic and taking key interest in stocks which have created impact with half-yearly earnings, said the Zenith analysis.
LankaBangla Securities, said: "Market has seen another green trading day on the last day of this week as investors were bullish on large cap pharma, telecom and cement stocks".
"Seems like, market is in the mood of testing the 'psychological' resistance level of 4,500 of benchmark index".
Market opened with profit booking tendency in early session, but later on primary investment sentiment was bullish on sector specific stocks, the stock broker said.
Among the major sectors, telecommunication gained a staggering 4.86 per cent - thanks to the large cap stock GP which gained 5.20 per cent alone. Food and allied and pharmaceuticals went up by 1.46 per cent and 0.45 per cent respectively.
The financial sectors - banks and NBFIs retraced with losing 0.40 per cent and 0.66 per cent respectively. Fuel and power sector lost 0.29 per cent.
After two days gain, life insurance fell in trap of profit booking and became worst performing sector of the day which lost 1.99 per cent.
The losers took a lead over the gainers as out of 296 issues traded, 125 advanced, 139 declined and 32 remained unchanged on the DSE floor.
Activities decreased in the major bourse (DSE) where trade and volume were down by 8.60 per cent and 10.11 per cent respectively. A total of 0.113 million trades were executed with 127.00 million securities of trading volume.
The total market capitalisation on DSE stood at Tk 2,988.18 billion against Tk 2,967.47 billion in the previous session.
MJL Bangladesh was the most traded stock for the second consecutive sessions with shares worth Tk 405.13 million changing hands followed by GP, Beximco, Square Pharma and ACI.
Shahjibazar Power Company was the day's highest gainer, posting a rise of 9.89 cent while Prime Bank was the day's worst loser, slumping by 5.50 per cent following the news that the bank lost mobile banking licence.
The port city bourse, Chittagong Stock Exchange (CSE) closed flat in red with its Selective Categories Index - CSCX - lost 0.90 points to close at 8,492.42 points.
Losers beat gainers 116 to 81, with 24 issues remaining unchanged at the port city bourse that traded 11.05 million shares and mutual fund units, turnover value of Tk 409.83 million
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