Stocks returned to the black yesterday, breaking a three-day losing streak, as investors took fresh position in the market amid optimism.

DGEN, the benchmark general index of Dhaka Stock Exchange, finished the day at 4,589.33 points, after surging of 44.93 points or 0.98 percent.

The market gauge slipped 53 points within 10 minutes of the opening hour of trading. Turnover on the DSE floor rose 0.19 percent to Tk 783 crore than the previous day.

A total of 1.72 lakh trades were executed with 21.18 crore shares and mutual fund units changed hands on the Dhaka bourse.

“A total of 34 companies generated more than 7 percent gain. Top 20 traded stocks dominated the market activity. Top 20 traded companies had a total turnover of Tk 377 crore, which is equivalent to 48 percent of the day's total turnover,” said LankaBangla Securities, a leading stockbroker.

Of the 274 issues that traded on the DSE, 215 advanced, 53 declined and six remained unchanged.

Among the major sectors, banks gained the most, went up 1.87 percent followed by telecom 1.37 percent, non-bank financial institutions 0.61 percent and pharma 0.25 percent.

United Airways topped the turnover leader for the third day with 3.20 crore shares worth Tk 100.6 crore changed hands on the premier bourse.

RN Spinning Mills and Bangladesh Submarine Cable Company were the next popular stocks of the day.

CMC Kamal was the biggest gainer of the day, posted a 10 percent rise while Delta Spinners was the worst loser, slumping by 7.14 percent.

News: The Daily Star/Bangladesh/2nd-Oct-12