DSEX, the key index of the capital bourse, bounced back into the green zone after two days of profit booking selling pressure amid increased participation of investors.
The key index of the premium bourse gained 70.57 points, or 1.50 percent, at 4,789 points at the end of Wednesday's session.
Additionally, the Chittagong Stock Exchange also registered an upward trend at the end of the session. The selected index, CSCX and CASPI increased by 143 and 235 points, respectively.
According to the EBL Securities review, the market started on a positive note and continued until the closure of the session as enthusiastic investors continued their buying spree on sector specific large-cap stocks to take fresh positions.
Moreover, positive macroeconomic news such as GDP, the Forex Reserve, exports and remittances are indicating that the impact of the pandemic on the economy of Bangladesh will be less harsh than projected, which is also driving investors' enthusiasm.
Meanwhile, daily turnover at the DSE on Wednesday increased by nine percent to Tk1,149 crore.
However, investors' attention was mostly concentrated on pharmaceuticals; which witnessed the highest turnover of a 1.9 percent gain to its market capitalisation on Wednesday.
The second highest turnover was in the bank which posted a positive return of 2.6 percent.
Two of the leading pharmaceutical companies–Beximco Pharma and Orion Pharma–secured spots among Wednesday's turnover leaders, and the latter continued its promising growth.
Surprisingly, the miscellaneous sector gained a massive 4.3 percent with paint giant Berger rising strongly.
The general insurance sector witnessed a massive four percent fall in market capitalisation; followed by the jute and textile sectors.
Out of the 357 issues traded at DSE, 151 advanced, 175 declined and 31 remained unchanged.
At the CSE, 126 advanced, 132 declined and 24 issues were unchanged. The turnover at the port city bourse was of Tk35 crore.