Stocks on Thursday extended its gaining streak for the third consecutive session as buyers continued to dominate, although the upward momentum lost some steam amid profit-booking selloffs and cautious sentiment in the absence of a fresh catalyst for the market.
DSEX, the broad index of the Dhaka Stock Exchange (DSE), advanced by 22.5 points to settle at 5,415 points as against 5,393 points in the previous trading session.
Market analysts observed that although buying pressure remained prominent till the mid-session that pulled the DSEX up to an intraday high of 5,455, the momentum moderated in the latter half as investors preferred to lock in gains and adopted a watchful stance ahead of the upcoming earnings season.
However, market turnover increased by 23.1pc to Taka 7.1 billion from Taka 5.8 billion in the previous session.
On the sectoral front, Textile (18.3 per cent) issues exerted the highest turnover, followed by Pharma (12.9pc) and Engineering (9.6pc) sectors. Sectors mostly displayed mixed returns, out of which Cement (1.4pc), Life Insurance (0.7pc) and Bank (0.6pc) exhibited the most positive returns on the bourse today, while Jute (1.6pc), Paper (-0.7pc) and IT (-0.6pc) exerted the most corrections.
Out of the 397 issues traded, 173 advanced, 155 declined and 69 remained unchanged.
The port city bourse, CSE, also settled on a positive note. The Selective Categories鈥� Index (CSCX) and All Share Price Index (CASPI) rose by 33.6 points and 65.4 points, respectively.
