Riding on seven days of bull-run, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), crossed the 5,800-mark after four months.
Market analysts said lower return from the money market, an extension of margin loan cap implementation time for another six months and listed companies' surprising earnings disclosure amid the coronavirus pandemic have continued to lure investors to put fresh funds on stocks.
During the seven days of bull run, DSEX rose 302 points and the market capitalisation increased by Tk20,543 crore to Tk4,93,074 crore.
Following the rising trend, on Sunday, the first trading day after the Eid vacation, DSEX rose by 1.08% or 62.63 points to reach 5,813, despite the news of lockdown extension by seven more days till 23 May.
The blue-chip index DS30 gained 0.24% to reach 2,192 points and Shariah index DSES increased 0.59% to hit 1,282 points.
The port city bourse Chittagong Stock Exchange's (CSE) main index CASPI witnessed a 1.14% gain to reach 16,849 points.
The turnover, which is one of the major indicators of the DSE, fell by 2.42% to Tk1,418.36 crore.
At the DSE, the share prices of most companies soared: 231 enjoyed gains, 88 suffered drops and 49 remained unchanged.
EBL Securities noted in its daily market commentary that the stock market has been on the rise in the last few trading days due to considerable investors' participation on the bourse as confidence in the bourse remained higher amidst continuous development stances from the regulator.
On top of that, the large-cap sectors namely bank, non-bank financial institution and textile also positively impacted the market to settle in the green zone, it added.
On Sunday, investors received the highest return of 5% from the service sector, followed by the textile, non-bank financial institution, and the bank sector.
But, the miscellaneous and cement sectors saw above 1% price correction despite most of the companies of those sectors posted growth in the last quarter.
Following the gaining streak, Advent Pharma, Tunghai Knitting, Shurwid Industries and Nurani Dyeing's shares touched the upper limit of the circuit breaker of 10%. Except for Advent, the remaining shares are junk.
Besides, in the banking sector the newly listed NRB Commercial Bank maintained a winning streak for the last seven days.
During this period, its share prices rose by 70% to Tk21.5 each. The bank declared 7.5% cash and 5% stock dividends for its shareholders for the financial year 2020. It reported a 20% growth in earnings per share to Tk2.37, according to the DSE website.
In the daily sector-wise turnover chart, the textile sector secured the highest position and contributed about 14% of the total DSE turnover followed by the general insurance sector.
In the scrip-wise turnover chart, Beximco Limited, a flagship company of the Beximco Group, secured the top position with a 5.9% contribution, followed by Saif Powertec and Robi.