Dhaka stocks rebounded yesterday after losing for four straight days, as investors went on a buying spree.

DSEX, the benchmark index of the Dhaka Stock Exchange, rose 11.06 points or 0.19 percent, closing the day at 5,784.67.

The market started the day on a negative note but later in the day investors started taking position in the undervalued stocks, EBL Securities said in its daily market analysis.

Share price of Beximco was on the rise although the company informed the investors on April 8 through the DSE that there was no price sensitive information behind the unusual price hike. Since March 28 to April 11, share price of the company has seen a 40 percent rise.

Turnover, another important indicator of the market, jumped 25.1 percent to Tk 515.62 crore with 13.41 crore shares and mutual fund units changing hands on the DSE.

Of the traded issues, 165 advanced, 120 declined and 55 securities closed unchanged on the premier bourse.

Beximco topped the turnover chart yesterday for the eighth consecutive day with 1.47 lakh shares worth Tk 43.56 crore changing hands followed by Brac Bank, Advent Pharma, Mercantile Bank and LafargeHolcim Bangladesh.

Among the major sectors, life insurance rose 1.62 percent in market capitalisation, followed by engineering that increased 1.18 percent, textiles 0.74 percent and fuel and power 0.45 percent. Conversely, market capitalisation of general insurers and banks declined 0.81 percent and 0.34 percent respectively.

Popular Life Insurance was the day's best performer with a 9.96 percent gain followed by Usmania Glass, Sonali Aansh and National Tea Company.

Mercantile Bank was the worst loser, shedding 13.85 percent followed by United Insurance, Advent Pharma and Central Insurance.

Chittagong stocks also rose yesterday with the bourse's benchmark index, CSCX, increasing 15.65 points or 0.1 percent to finish the day at 10,787.78.

Gainers beat losers as 121 advanced, 84 declined and 28 finished unchanged on the port city bourse.

The stock exchange traded 76.67 lakh shares and mutual fund units worth Tk 27.27 crore in turnover.