Dhaka stocks extended their recovery for a third straight session on Thursday as investors bought recently beaten-down shares, lifting the benchmark index while turnover jumped 20.1 per cent.
The DSEX rose 22.7 points, or 0.42 per cent, to close at 5,452, up from 5,429 in the previous session.
The market opened higher, slipped mildly early in the session and regained momentum towards the close as investors accumulated stocks at relatively attractive prices. Concerns over weaker corporate earnings and renewed geopolitical uncertainty, however, continued to weigh on sentiment.
Turnover climbed to Tk499.70 crore from Tk416.20 crore, while the number of trades rose 9.3 per cent to 1,62,437. Trading volume increased 5.3 per cent to 16.20 crore shares.
Market breadth was firmly positive, with 237 issues advancing, 87 declining and 71 unchanged among 395 traded securities.
The DS30, which tracks blue-chip stocks, added 3.9 points, or 0.2 per cent, to 2,097, while the DSMEX was virtually unchanged at 968.
Despite the index gains, total market capitalisation slipped by Tk530 crore to Tk6,84,100 crore from Tk6,84,630 crore.
Textiles dominated trading, accounting for 24.7 per cent of turnover, followed by engineering with 13.6 per cent, general insurance with 12.6 per cent and pharmaceuticals and chemicals with 9.3 per cent.
Information technology led sectoral gains with a 2.6 per cent rise, followed by mutual funds at 2.3 per cent and financial institutions at 1.9 per cent.
Jute stocks fell 2 per cent, the steepest sectoral decline, while telecommunications lost 0.2 per cent and banks edged down 0.1 per cent.
Far East Knitting & Dyeing Industries topped the gainers, rising 11.96 per cent, followed by Orion Pharma at 9.81 per cent, EXIM Bank First Mutual Fund at 9.80 per cent, Coppertech Industries at 9.69 per cent and MBL First Mutual Fund at 9.64 per cent.
Bangladesh Industrial Finance Company led the losers with a 5.56 per cent fall, followed by Premier Leasing and Finance at 5.26 per cent, Renwick Jajneswar and Company at 5.22 per cent, Apollo Ispat Complex at 4 per cent and Apex Foods at 3.84 per cent.
Saiham Textile Mills was the most-traded stock, generating Tk30.42 crore in turnover, or 6.6 per cent of the market total.
Sonali Aansh Industries followed with Tk16.42 crore and Bangladesh Steel Re-Rolling Mills with Tk13.59 crore.
