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The insurance stocks have already gone up to a very high level, so investors need to be cautious about their investments, he recommends.

If anyone invests in an overvalued stock, it leads to abnormality in the market, added the asset manager.

In the past few weeks, stocks of non-life insurers traded like hot cakes in the market and now it is the life insurance stocks, he said.

Rupali Life Insurance Company topped the gainers’ list, rising 10 per cent followed by Sunlife Insurance Company, Sandhani Life Insurance, Prime Islami Life Insurance and Delta Life Insurance.

Stocks of Beximco traded the highest, worth Tk 158 crore, followed by LafargeHolcim Bangladesh, LankaBangla Finance, Beximco Pharmaceuticals and Asia Pacific General Insurance Company.

Dacca Dyeing shed the most, dropping 7.3 per cent, followed by Sonali Aansh Industries, Intech, Savar Refractories and Dominage Steel Building Systems.

At the DSE, 141 stocks advanced, 147 declined and 67 remained unchanged.

Chittagong Stock Exchange also rose. The CASPI, the general index of the port city bourse, advanced 37 points, or 0.23 per cent, to stand at 15,991. Among 261 stocks to witness trade, 112 rose, 107 fell and 42 remained unchanged, shows the CSE data.