Dhaka Stock Exchange (DSE) on Tuesday sustained its upward momentum as increased market participation bolstered the ongoing market recovery.
The main index of the country’s premier bourse, DSEX, rose by 30.02 points, or 0.54 per cent, and closed at 5,594.65 points at the end of trading, up from the previous session’s 5,565 points. This marked the first time in eight weeks that the index closed near the 5,600 mark.
This uptick in DSEX was supported by notable performances in several key sectors, despite a mixed showing among large-cap stocks.
The blue-chip index, DS30, rose by 0.24 per cent to end at 1,964.53 points, while the Shariah-based index, DSES, saw a more significant increase of 0.67 per cent, closing at 1,223.32 points. The large-cap index, CDSET, remained unchanged at 1,062.20 points.
Despite experiencing mild volatility during the first two hours of trading on Tuesday, the market saw a significant influx of optimistic investors. This buy-side dominance played a crucial role in propelling the market back into recovery mode, said EBL Securities in its daily market review.
Among the large-cap sectors, Fuel and Power led the gains with a 0.77 per cent rise, closely followed by Engineering, which climbed by 0.74 per cent. The pharmaceutical sector also posted a modest gain of 0.31 per cent.
However, not all sectors experienced positive movement. The banking sector saw a slight decline of 0.14 per cent, while Telecommunication and NBFI fell by 0.41 per cent and 0.44 per cent, respectively. The food and Allied sector saw the most significant drop, falling by 0.75 per cent.
Block trades contributed to 5.3 per cent of the overall market turnover, reflecting a notable activity among institutional investors.
Sea Pearl Beach Resort & Spa Limited emerged as the most traded share, despite a 2.7 per cent decline in its share price, with a substantial turnover of Tk 53.6 crore.
On the sectoral front, the Pharmaceutical sector led the turnover with 15.1 per cent, followed by Textile at 12.2 per cent and Food at 11.2 per cent. Most sectors recorded positive returns, with the Ceramic sector rising by 2.8 per cent, Services by 2.7 per cent, and Travel by 2.2 per cent.
However, a few sectors experienced marginal corrections, including Food 0.8 per cent, Paper 0.7 per cent, and Jute 0.5 per cent, respectively.
Out of the 393 issues traded, 237 advanced, 111 declined and 45 remained unchanged, reflecting a broad-based positive sentiment among investors.
Meanwhile, the Chittagong Stock Exchange (CSE) also ended trading on a positive note on Tuesday, with the CSCX and CASPI advancing by 57.5 and 95.0 points, respectively.
