Stocks continued to rise yesterday on the back of the news of compensation by the government to around 9.33 lakh small investors hit by the stock market turmoil.

The benchmark index of Dhaka Stock Exchange, DGEN, closed the day at 4,551.21 points, having risen by 150.47 points from the previous day.

“SEC's decision to implement the recommended 50 percent interest waiver on margin loan and 20 percent special quota allocation in initial public offerings for small investors acted as the catalyst for the uptrend,” said LankaBangla Securities in its market analysis.

Turnover stood at Tk 277 crore, a considerable 71.16 percent increase from the previous day.

A total of 0.85 lakh trades were executed, with 5.86 crore shares and mutual fund units changing hands at the Dhaka bourse.

Of the major sectors, banks, at 4.01 percent, gained the most, followed by non-bank financial institutions at 3.51 percent, power 2.85 percent, telecommunications 1.34 percent and pharmaceuticals 2.46 percent.

Of the 271 issues that traded on the DSE, 257 advanced, six declined and seven remained unchanged.

Grameenphone was the most traded stock of the day, with 11.31 lakh shares worth Tk 23.26 crore changing hands.

Bangladesh Submarine Cable Company and Meghna Petroleum were the next most popular stocks.

Tallu Spinning featured in the top ten gainers' chart, having advanced by 9.70 percent.

Modern Dyeing and Screen Printing was the biggest loser of the day, falling by 3.22 percent.

Chittagong's Selective Categories Index, CSEX, closed the day at 8,678 points, after gaining 246 points or 2.91 percent.

A total of 1.53 crore shares and mutual fund units worth Tk 62.70 crore changed hands at the port city bourse.

Gainers beat losers 173 to 10, with five securities remaining unchanged.

The Daily Star/Bangladesh/ 28th June 2012