Dhaka: Stocks today managed a turnaround from the short-lived correction phase, riding on late-session buying activity, as investors turned back to the market owing to positive expectations amid favorable macroeconomic developments. DSEX, the broad index of the Dhaka Stock Exchange (DSE), recovered 50.6 points to settle at 5,524 points compared to 5,473 points in the previous trading session.
According to Bangladesh Sangbad Sangstha, market analysts observed that although volatility persisted until mid-session, buyers emerged across the board to stabilize the market, reinforcing optimism among market participants. However, investor participation remained somewhat subdued, with market turnover falling by 18.1 percent to Taka 7.8 billion from Taka 9.5 billion in the previous session.
On the sectoral front, Bank issues exerted the highest turnover at 14.8 percent, followed by Engineering at 10.9 percent and Pharma at 9.1 percent. All the sectors displayed positive returns, with Services at 3.2 percent, Ceramic at 3.1 percent, and Life Insurance at 2.5 percent exhibiting the most positive returns on the bourse today. Out of the 397 issues traded, 281 advanced, 49 declined, and 67 remained unchanged.
The port city bourse, CSE, also settled on positive terrain. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) advanced by 57.0 points and 91.6 points respectively.