Stocks rebounded strongly today as renewed optimism over possible favourable revisions to the proposed margin rules boosted investor confidence and triggered broad-based buying across the market. The DSEX of the Dhaka Stock Exchange (DSE) advanced 41.3 points to close at 5,899, up from 5,858 in the previous trading session. The market maintained a firm upward trend throughout the session as sustained buying interest and stronger investor participation drove price gains across most listed securities.
What drove the rebound?
The market saw renewed optimism due to expectations of potential regulatory easing on margin eligibility criteria. This optimism led to broad-based buying, particularly in the insurance and non-bank financial institution (NBFI) sectors.
Which sectors performed well?
Most sectors ended the day in positive territory. Mutual funds posted the highest gain with a 4.5 percent rise, followed by financial institutions at 3.6 percent and tannery stocks at 2.4 percent. Only the services and pharmaceuticals sectors recorded marginal losses of 0.5 percent and 0.1 percent, respectively.
What was the trading activity like?
Turnover on the DSE rose 16.9 percent to Tk 11.3 billion from Tk 9.7 billion in the previous session, reflecting improved market activity. Among the sectors, textiles accounted for the largest share of turnover at 18.4 percent, followed by pharmaceuticals at 11.8 percent and banks at 11.2 percent.
How did the Chittagong Stock Exchange perform?
The Chittagong Stock Exchange (CSE) also ended higher, with the Selective Categories Index (CSCX) gaining 37.3 points and the All Share Price Index (CASPI) rising 60.2 points.
