Stocks continued to gain for the second day with a high turnover due to cheerful trading of investors yesterday.
The benchmark General Index, the gauge of Dhaka Stock Exchange, went up 82.52 points or 1.53 percent, to 5,483.55 at the 3pm close.
“The premier bourse kept its pace as the higher degree of participation by the investors helped the prime index gain rapidly from the beginning of the session,” said Green Delta LR Holdings in its market analysis.
Turnover soared to one-and-a-half-months high, which was 13.7 percent higher compared to the previous day.
A total of 1.94 lakh trades were executed, generating Tk 807.82 crore in turnover from 13.36 crore shares traded on the Dhaka bourse.
The life insurance sector had a good run on the day due to the insurance regulator's declaration of introducing a three-layer life insurance business soon, said Green Delta LR Holdings.
This will be effective from the first day of February which is likely to give a boost to the life insurance sector's earnings, the analysis said.
Small cap speculative securities saw their shares slowing down. As a result, large caps like Grameenphone and Titas Gas saw their share prices gaining substantially.
Of the 265 issues that changed hands, 143 advanced, 116 declined and six remained unchanged.
Among the major sectors, power gained 2.46 percent, and banks and telecommunication each advanced 1.8 percent.
Pharmaceuticals and non-bank financial institutions went up 1.44 and 0.08 percent respectively.
United Airways topped the turnover leaders with 1.32 crore shares worth Tk 33.83 crore changing hands.
Modern Dyeing and Screen Printing was the worst loser, slumping by 5.80 percent.
The Chittagong Stock Exchange also gained yesterday with its Selective Categories Index going up 160.99 points or 1.63 percent to end the day at 9,979.92.
The benchmark General Index, the gauge of Dhaka Stock Exchange, went up 82.52 points or 1.53 percent, to 5,483.55 at the 3pm close.
“The premier bourse kept its pace as the higher degree of participation by the investors helped the prime index gain rapidly from the beginning of the session,” said Green Delta LR Holdings in its market analysis.
Turnover soared to one-and-a-half-months high, which was 13.7 percent higher compared to the previous day.
A total of 1.94 lakh trades were executed, generating Tk 807.82 crore in turnover from 13.36 crore shares traded on the Dhaka bourse.
The life insurance sector had a good run on the day due to the insurance regulator's declaration of introducing a three-layer life insurance business soon, said Green Delta LR Holdings.
This will be effective from the first day of February which is likely to give a boost to the life insurance sector's earnings, the analysis said.
Small cap speculative securities saw their shares slowing down. As a result, large caps like Grameenphone and Titas Gas saw their share prices gaining substantially.
Of the 265 issues that changed hands, 143 advanced, 116 declined and six remained unchanged.
Among the major sectors, power gained 2.46 percent, and banks and telecommunication each advanced 1.8 percent.
Pharmaceuticals and non-bank financial institutions went up 1.44 and 0.08 percent respectively.
United Airways topped the turnover leaders with 1.32 crore shares worth Tk 33.83 crore changing hands.
Modern Dyeing and Screen Printing was the worst loser, slumping by 5.80 percent.
The Chittagong Stock Exchange also gained yesterday with its Selective Categories Index going up 160.99 points or 1.63 percent to end the day at 9,979.92.
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