The Dhaka Stock Exchange (DSE) closed in positive territory on Tuesday, driven by opportunistic investors who took positions in specific sectors despite the overall market volatility.
The capital bourse experienced a positive session with its main index DSEX climbing 0.41 per cent at the end of trading. The index gained 21.65 points and closed at 5,241.84, reflecting investor optimism across various sectors.
The blue-chip index, DS30, also saw a substantial increase of 0.53 per cent, ending the day at 1,877.94 points.
Similarly, the Shariah-compliant index, DSES, rose by 0.59 per cent to close at 1,149.56 points. This increase underscores the growing interest and investment in Shariah-compliant stocks, driven by ethical investment preferences and robust performance in the segment.
The large-cap index, CDSET, mirrored the overall positive trend with a 0.47 per cent gain, closing at 1,020.38 points. This reflects solid performance among the market's large-cap companies, which typically have a significant impact on the overall market sentiment due to their size and influence.
Throughout the trading session, market volatility persisted as cautious investors remained active on both sides of the trading fence. Subdued sentiment regarding market momentum kept investors observant, yet buying interest in select large-cap stocks contributed to the positive close of the core index, said EBL Securities in its daily market review.
In a noteworthy development, market turnover surpassed the Tk 500 crore mark for the first time in 19 days, rising by 9.3 per cent to Tk 524 crore from the previous session’s Tk 479 crore. This uptick in turnover indicates a renewed interest among investors, particularly in certain high-performing sectors.
Sector-wise, the Pharmaceuticals sector led the turnover with a significant 22.7 per cent, followed by Food (20.8 per cent) and Life Insurance (9.0 per cent).
Mixed returns were observed across most sectors, with Life Insurance (4.0 per cent), Financial Institutions (3.9 per cent) and Mutual Funds (2.3 per cent) showing the most positive performance.
On the other hand, Jute (2.6 per cent), Tannery (1.9 per cent) and Paper (1.6 per cent) experienced the most corrections.
Of the 396 issues traded, 170 advanced, 158 declined and 68 remained unchanged on the DSE bourse, reflecting a balanced market sentiment.
The Chittagong Stock Exchange (CSE) also ended the day on a positive note. The selected indices, CSCX, and the All Share Price Index, CASPI, increased by 67.3 and 111.0 points, respectively, mirroring the positive trend of the DSE.
Overall, Tuesday's trading session highlighted the cautious yet opportunistic stance of investors, navigating through market volatility while focusing on sector-specific opportunities to drive gains, said maker insiders.
