DSEX, the key index of the Dhaka Stock Exchange (DSE), added a massive 192 points and closed at 5,619 points on Wednesday, following the fall of the Sheikh Hasina-led Awami League government.
The index soared by 389 points in just two days following the massive change in the country’s political environment.
On Wednesday, the market turnover increased by 3 per cent and ended at Tk 775.5 crore.
Market insiders said investors are showing a buying appetite from the very beginning of the session, hoping for political stability after Sheikh Hasina stepped down from the position of prime minister and fled the country on Monday.
The blue-chip index, DS30, and the Shariah-based index, DSES, closed at 2,022.17 and 1,219.14 points, respectively. All the large-cap sectors posted positive performance on Wednesday.
Fifteen sectors out of 19 were the gainers, and four sectors were on the losing side. Of the 398 scrips traded, 266 advanced, 114 declined and 16 remained unchanged.
BATBC topped the turnover chart. APOLOISPAT was the top gainer while CRYSTALINS was the top loser. Four stocks were traded at the floor price.
In the block market, shares of Tk 29.4 crore were transacted, representing a turnover of 3.79 per cent.
The SME index, DSMEX, decreased by 46.45 points and the market generated a Tk 16.8 crore turnover, a 19 per cent increase from the previous session.
According to the Royal Capital Financial Portal, USQURPHARMA and BXPHARMA contributed the most to the gains and the losses of the DSEX on the day, and bullish conditions prevailed in the market from the start.
The rebounded capital market continued its bullish trend, with the benchmark index increasing by around 200 points for back-to-back sessions as investor euphoria continues across the trading floor owing to positive expectations over the recent changes in the country’s political environment, EBL Securities said in its daily market review.
Buyers maintained their dominance as optimistic investors kept on chasing the current rallies, while the continuous price appreciation in the major blue chip and large cap scrips added much strength to the upward market momentum, it said.
The Chittagong Stock Exchange (CSE) also rebounded on Wednesday, with the CSE All Share Price Index, CASPI, gaining 545.10 points to settle at 15,938.25 and the Selective Categories Index, CSCX, rising 330.49 points to close at 9,609.90.
Of the issues traded, 75 declined, 160 advanced and 21 issues remained unchanged at CSE.
The port city bourse traded 13.9 million shares and mutual fund units with turnover value of Tk 225.16 crore.
