Dhaka: Dhaka Stock Exchange (DSE), the capital bourse, today resumed its upward trajectory following a single-day breather, as investors continue chasing equity positions owing to sustained confidence across the trading board, pushing the benchmark index above the 5,600 level for the first time in 11 months. DSEX, the broad index of the DSE, gained 37.1 points to settle at 5,621 points as against 5,584 points in the previous trading session.
According to Bangladesh Sangbad Sangstha, market analysts observed that the market’s recovery has been aided by investors’ positive sentiment due to prevailing macroeconomic stability, along with clarity on the political front over the upcoming national elections. Meanwhile, opportunistic investors continued to capitalize on the current rallies by reshuffling portfolios toward potential quick-gain opportunities ahead of the June-closing earnings season.
Apparently, market turnover remained resilient, again increasing by 8.2% to Taka 12.8 billion from Taka 11.8 billion i
n the previous session. On the sectoral front, Pharmaceutical issues exerted the highest turnover at 12.9%, followed by Engineering at 11.5% and the Bank sector at 11.0%.
Sectors mostly displayed positive returns, with IT, Ceramic, and Travel sectors exhibiting the most positive returns on the bourse today at 7.0%, 5.5%, and 2.3%, respectively. However, Mutual Fund, Life Insurance, and General Insurance sectors exerted the most corrections, with declines of 0.7%, 0.7%, and 0.4% respectively.
Out of the 397 issues traded, 219 advanced, 128 declined, and 50 remained unchanged. The port city bourse, CSE, also settled on positive terrain, with the Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) adding 25.7 points and 46.2 points, respectively.