The market remain upbeat Tuesday with improved turnover as better earnings figures and hope for capital market-friendly monetary policy stimulated investors to take fresh position in the market.
The session started in a flurry, with promising earnings figures appearing early in the morning and the upbeat mood continued till the market closure.
Half yearly earnings of the listed companies with June year-end have started to come up. About 15 companies have reported their 2H'2014 earnings Tuesday.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSEX) crossed the 'psychological' threshold of 4,400 points mark after 12-session and ended at 4,424.60 points, gaining 29.65 points or 0.67 per cent.
The other two indices also ended higher. The DS30, comprising blue chips gained 12.38 points or 0.77 per cent to close at 1,618.06 points. The DSES rose 8.09 points or 0.81 per cent to close at 999.80 points.
The total turnover rose to Tk 3.75 billion, registering an increase of 21.35 per cent over the previous session's value of Tk 3.09 billion.
"Declaration of better half-yearly and quarterly earnings stimulated the investors to take fresh position in the market," commented International Leasing Securities, in its regular market analysis.
"The investors' expectation regarding the next monetary policy statement also triggered the upbeat market sentiment to some extent" said the International Leasing.
IDLC Investments, said: "With earnings declarations being on the driving seat, market subdued the recent monotonous down trend for the second day".
"Hope for a capital market-friendly monetary policy assisted investors to revive enthusiasm. Consequent increase in activities resulted in a turnover of Tk 3.75 billion," said the merchant bank.
"Equity market continued positive momentum for yet another session backed by cue of recovery in quarterly earnings of stocks," commented LankaBangla Securities
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