Bangladesh’s stock market resumed its rally on Sunday as investors stepped up buying across a broad range of sectors on optimism that recent regulatory initiatives will strengthen market fundamentals and support a sustained recovery.
The benchmark DSEX index rose 43.6 points, or 0.76 per cent, to 5,787, reversing the previous session’s pause. Turnover increased 6.3 per cent to Tk153 crore, signalling continued participation from both retail and institutional investors.
After a cautious start, buying gathered pace throughout the session, lifting most sectors. Investors rotated out of general insurance stocks, which had led recent gains, into other momentum-driven counters as expectations of further policy support for the capital market remained intact.
Textile stocks dominated trading with 17.1 per cent of total turnover, followed by general insurance at 12.2 per cent and engineering at 11.1 per cent, reflecting continued demand for liquid stocks.
Travel and leisure led sectoral gains with a 4.1 per cent advance, while jute and financial institutions rose 2.1 per cent and 1.9 per cent, respectively. General insurance and services were among the few sectors to close lower following recent rallies.
Market breadth remained positive. Of the 396 issues traded, 177 advanced, 150 declined and 69 were unchanged.
Malek Spinning Mills topped the turnover chart at Tk53.7 crore, followed by IPDC Finance, Beximco Pharmaceuticals, Beximco and Bangladesh Shipping Corporation.
Unique Hotel & Resorts and Atlas Bangladesh were among the biggest gainers, while Familytex (BD) and KBPPWBIL Mutual Fund were among the worst performers.
Beximco Pharmaceuticals contributed the most to the DSEX gain, followed by Unique Hotel & Resorts, Bangladesh Shipping Corporation, IDLC Finance and BSRM Steels.
Pragati Insurance, SAIF Powertec and Sharp Industries weighed most on the benchmark index.
