Blue-chip stocks powered the Dhaka Stock Exchange (DSE) higher on Sunday as investors increased positions ahead of the latest reshuffle of the benchmark DS30 index, extending the market’s recovery while pushing turnover to its highest level in recent sessions.
The benchmark DSEX gained 45.15 points, or 0.78 per cent, to close at 5,849.22 after rising 33.79 points in the previous session. The index has now added 78.94 points over the past two trading days, reflecting sustained buying interest in large-cap stocks.
The rally was led by heavyweight shares, with the DS30 index climbing 22.98 points, or 1.06 per cent, to 2,200.74. The DSES index, which tracks Shariah-compliant companies, rose 3.37 points, or 0.28 per cent, to 1,192.48.
Trading activity also strengthened, signalling renewed investor participation. Turnover jumped 16.9 per cent to Tk1,670 crore from Tk1,428 crore in the previous session. Share volume rose 23.0 per cent to 52.69 crore from 42.83 crore shares, while the number of trades increased 17.8 per cent to 382,533.
Despite the stronger benchmark performance, gains remained concentrated in a handful of large-cap stocks rather than across the broader market. Of the issues traded, 199 advanced, 156 declined and 37 remained unchanged.
Market interest was further supported by the DSE’s announcement of the semi-annual rebalancing of the DSE Bangladesh 30 Index (DS30), which will take effect on 19 July.
Under the latest review, Bangladesh Steel Re-Rolling Mills Limited, ACME Laboratories Limited and Power Grid Company of Bangladesh Ltd will join the benchmark index.
They will replace Kohinoor Chemicals Company (Bangladesh) Ltd, Unique Hotel & Resorts PLC and Linde Bangladesh Limited.
Among the day’s most actively traded stocks by value were Lovello Ice Cream PLC, Bangladesh Shipping Corporation, Malek Spinning Mills, Eastern Housing Limited, ITC Limited and Genex Infosys.
Insurance and mutual fund securities dominated the gainers’ list. Meghna Insurance advanced 9.79 per cent, followed by Sandhani Insurance, EBL First Mutual Fund and MBL First Mutual Fund.
Apollo Ispat Complex, Zahintex Industries, Intech, Shurwid Industries and AFC Agro Biotech were among the session’s biggest losers.
