Most of the good company shares gained yesterday though the overall turnover and volume dropped substantially from the previous day.

Turnover dipped by more than nine crore taka in DSE and volume to 6,010,971 from 10,204,764 on Wednesday.

Market analysts said strong shares recovered the prices they lost in the previous day while a significant number of shares with weak fundamentals representing Z category witnessed a further drop from the previous day, indicating that investors have confidence in the market.

"In fact, the SEC move helps the market move on right direction," said a top executive of Dhaka Stock Exchange.

Of the 194 issues traded on the DSE yesterday, 116 gained, while 67 dropped and 11 remained unchanged.

The DSE-20, an index of blue chip companies, gained 16.838 points yesterday to close at 1317.364 points and the DSE General Index gained 23.249 points to close at 997.13 points.

"The SEC move has cast a positive impact on the capital market. As the bullish trend is continuing, it means investors did not lose their confidence in the market," said the top executive of the Asset & Investment Management Services (AIMS) of Bangladesh Ltd

Of the 82 issues traded on CSE yesterday, 61 gained, 16 lost and five remained unchanged.

The CSE Selective Index rose 34.36 points to close at 1602.963 points yesterday.

"The market became bearish on Wednesday after the SEC suspended transaction of 16 Z category shares. But shares with strong fundamental dominated the market Thursday," said an official of Chittagong Stock Exchange.