Stocks closed marginally higher amid volatility yesterday, led by mainly low cap firms.
The market swung heavily within limited band, as investors were cautious ahead of Monetary Policy Statement (MPS) to be announced early next month.
After inching down in previous session, the benchmark index DSEX gained around 20 points or 0.5% to 4,608.
The Shariah index DSES rose marginally 4 points to 1,106. The blue chip comprising index DS30 settled at 1,747, rising over 6 points or 0.4%.
The Chittagong Stock Exchange Selective Category Index CSCX was up 41 points to 8,550.
Non-banking financial institutions sector surged highest nearly 3%, driven by BD Finance that rose sharply almost 6%.
Ceramics was the second best performer gaining 1.7%, followed by food and allied 0.7%, power 0.7%, cement 0.5% and pharmaceuticals 0.4%.
However, heavyweight sectors—banks and telecommunications—declined slightly.
Trading activities improved a bit as the DSE turnover was Tk430 croe, up almost 9% over the previous session.
Gainers outpaced losers as out of 318 issues traded, 180 advanced, 95 declined while 43 remained unchanged.
IDLC Investments said: “Due to lack of confirmed upturn in front of year-end, participants continued pursuing meticulous tendency over the change of macro-economic landscape.”
It also said meanwhile, volatility continued to flow in the market as investors were exercising mix strategies.
“While some remained busy to portfolio re-balancing on fundamentally sound scrips for 2016, others observed the sideways waiting for the upcoming Monetary Policy Statement (MPS).”
Lanka Bangla Securities said easing of bank’s exposure to the capital market fetched shift in the market tactics with renewed buying interest.
Regent Textile Mills Limited that entered into its eighth trading day moved down 0.5% to Tk20.5 a share—still far from its offer value of Tk25.
ACI was the most traded stocks, followed by Beximco Pharmaceuticals, Beximco, Quasem Drycells, Summit Power and KDS Accessories.