Stocks rising over increased investor participation
The currency markets continued to rise for a second consecutive time as investor participation increased after various shares reached lucrative prices in the recent bearish trend.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), surged 103 factors, or 2 %, to 5,281 yesterday.
Market analysts say that lots of well-performing stocks dropped by around 15 per cent previously month to reach the bottom level.
In this position, many investors consider these stocks to be lucrative therefore, they are investing.
Besides, investors know about the Covid-19 pandemic's impact, so it appears that they expect the situation to return on track after a few months.
However, a downside for the marketplace is certainly that the insurance sector is normally once again at the top gainers' list, proving that gamblers are still active.
Stocks of the insurance sector witnessed significant growth in the last few months due to incessant gambling, the analysts said.
Northern Insurance topped the gainers list, rising 10 %, accompanied by Islami Insurance, Aramit Cement, Reliance Insurance, Bangladesh National Insurance and Federal Insurance.
Stocks of Beximco Limited traded the most with Tk 44 crore worth of shares changing hands, accompanied by Robi Axiata, Asia Pacific Insurance, LankaBangla Finance, and Beximco Pharmaceuticals.
Mercantile Bank shed most, dropping 12 %, accompanied by BIFC, ACI Formulations, ICB Islamic Bank and SEBL First Mutual Fund.
At the DSE, 240 stocks advanced, 15 declined and 91 remained unchanged.
The Chittagong STOCK MARKET also remains within an upward trend. CASPI, the overall index of the port metropolis bourse, rose 297 items, or 1.98 %, to stand at 15,264.
Among its 188 traded stocks, 146 rose, 12 fell and 30 remained unchanged, CSE data reveals.
