The Dhaka Stock Exchange (DSE) continued its upward trend on Sunday, driven by sustained positive sentiment and strong buying interest in blue-chip stocks. The DSEX, the broad index of the exchange, rose by 61.6 points, or 1.2%, closing at 5,194 points, up from 5,132 points in the previous session.
Analysts stated that the growing expectation of monetary easing and a potential decline in interest rates are increasingly fueling investor appetite, particularly after a prolonged downtrend. As investors anticipate a more favorable economic environment, there has been a noticeable shift towards high-value stocks seen as offering attractive valuations. This growing optimism has significantly contributed to the market’s bullish momentum.
In total, 398 companies traded 27.75 crore shares and mutual fund units, with a turnover of BDT 775.91 million.
The market’s strength was evident across various sectors, with pharma stocks leading in trading volume. Sectors like cement (5.7%), financial institutions (3.4%), and fuel (3.0%) recorded the highest positive returns. Meanwhile, the mutual fund, general insurance, and jute sectors saw slight corrections.
The overall market saw 180 stocks advancing, 146 declining, and 72 remaining unchanged, reflecting positive sentiment despite some sectoral volatility.
Pharma stocks, led by industry giants such as Renata, emerged as top performers on the DSE. Among the most traded stocks, Bangladesh Shipping Corporation, Sea Pearl Beach Resorts, and LafargeHolcim Bangladesh stood out in terms of volume.
The highest gainers of the day included companies like Mozaffar Hossain Spinning Mills, IDLC Finance, and LafargeHolcim, which saw notable price increases. On the other hand, stocks like Express Insurance, SEML Lecture Equity Management Fund, and Rahim Textile experienced declines in value.
The Chittagong Stock Exchange (CSE) mirrored the bullish sentiment observed in Dhaka. The CSCX and CASPI indices surged by 86.4 and 146.9 points, respectively.
With investors continuing to focus on well-established blue-chip companies, the market is expected to maintain its upward trajectory. Analysts predict that sectoral movements, particularly in smaller stocks and mutual funds, could bring some volatility in the coming sessions.
Overall, the market’s performance highlights the resilience of investor confidence, driven by expectations of easing monetary policies and a more favorable economic outlook.