The Dhaka Stock Exchange (DSE) witnessed a bullish trend for the second consecutive day, reflecting positive sentiment among investors. The benchmark index, DSEX, surged by 69.07 points, or 1.17 percent, closing at 5,941.66 points. This notable uptick indicates a robust performance in the Bangladeshi stock market, showcasing investor confidence and optimism.
The DSES, which represents Shariah-compliant companies, also experienced gains, climbing by 15.46 points, or 1.21 percent, reaching 1,293.03 points. Similarly, the DS30 index, comprising blue-chip stocks, saw a positive movement, adding 25.43 points, or 1.25 percent, to touch 2,057.71 points. These upward movements across major indices signify broad-based market strength and resilience.
One of the significant indicators of market activity, turnover, witnessed a substantial increase of 44.28 percent, reaching Tk 610 crore. This surge in turnover suggests heightened trading activity and liquidity in the market, as investors actively participate in buying and selling shares.
According to the daily market update provided by UCB Stock Brokerage, nearly all sectors concluded the trading session on a positive note. The pharmaceutical sector emerged as a frontrunner, contributing significantly to the day’s turnover, accounting for 17.25 percent of total turnover. This highlights the ongoing investor interest in pharmaceutical stocks, a key sector in Bangladesh’s economy.
Among the top gainers, Bangladesh Monospool Paper Manufacturing Company secured the leading position, recording a remarkable gain of 9.977 percent. Following closely behind was Asiatic Laboratories, with a gain of 9.976 percent. Other notable gainers included Shinepukur Ceramics, Paper Processing and Packaging, Khulna Printing and Packaging, and Ratanpur Steel Re-Rolling Mills, showcasing a diverse mix of sectors driving positive momentum in the market.
On the other hand, Global Heavy Chemicals registered the most significant decline, losing 3.34 percent of its value. This highlights the presence of both gainers and losers in the market, emphasizing the importance of careful investment decisions and risk management.
Of the total issues traded on the DSE, 303 advanced, 44 declined, while 50 remained unchanged, indicating a predominantly positive market sentiment. The market movement was primarily driven by positive changes in the market capitalization of various sectors, including travel and leisure, paper and printing, and banking stocks, as reported by Shanta Securities.
Best Holdings emerged as the most traded share, accounting for 5.04 percent of the day’s turnover, followed by LafargeHolcim Bangladesh, Golden Son, and Central Pharmaceuticals, further highlighting investor interest in these stocks.
According to the daily market research provided by BRAC EPL Stock Brokerage, sectors with large market capitalization posted positive performances. Telecommunications led the gains with a 2.32 percent increase, followed by non-bank financial institutions, pharmaceuticals, and other key sectors contributing to the overall market rally.
In addition to regular trading activities, block trades, which involve large privately negotiated securities transactions, also contributed significantly to the market turnover, amounting to Tk 30.5 crore, representing 5 percent of the day’s total turnover. Best Holdings stood out as the most traded share in this segment, further indicating robust activity in block trades.
The positive momentum observed at the Dhaka Stock Exchange was mirrored at the Chittagong Stock Exchange, where the Caspi index rose by 176 points, or 1.05 percent, closing at 16,937.19 points. This synchronicity between the two major stock exchanges underscores the overall bullish sentiment prevailing in the Bangladeshi stock market.
The consecutive upward trend in major indices, coupled with increased turnover and sector-wise positive performances, reflects a buoyant mood among investors in the Bangladeshi stock market. However, investors should remain vigilant and exercise caution amid market fluctuations, ensuring prudent investment decisions in line with their risk tolerance and financial goals.