Country’s both bourses—Dhaka Stock Exchange and Chittagong Stock Exchange – on Tuesday also continued its upward trajectory, extending its gaining streak for a fourth consecutive session.
DSEX, the broad index of the DSE, inched up by 5.5 points or 0.1per cent to settle at 4,982 points as against 4,976 points in the previous trading session.
Market analysts observed that the market experienced heightened volatility throughout the session, with bearish sentiment triggered by concerns over the US tariff move attempting to overshadow the bullish momentum triggered by positive macroeconomic developments, such as improved forex reserves and easing inflation.
Despite profit-taking pressure in large-cap stocks, particularly in the banking sector, the market held firm and closed in positive territory with increased investor participation, they mentioned.
Market turnover breaks the level of Taka 6.0 billion today, increased by 4.9 per cent from Taka 5.7 billion in the previous session.
On the sectoral front, Bank (20.2 per cent) issues exerted the highest turnover, followed by Pharma (16.0 per cent) and Textile (11.5 per cent) sectors.
Sectors demonstrated mixed results, out of which Paper (2.7 per cent), Travel (1.5 per cent) and Life Insurance (1.1 per cent) exhibited the most positive returns while Mutual Fund (-1.3 per cent), Financial Institutions (-0.7 per cent) and Services (-0.6 per cent) showed the most negative returns on the bourse today .
Out of the 397 issues traded, 156 advanced, 188 declined and 53 remained unchanged.
The port city bourse also experienced a positive session today. The Selective Categories’ Index (CSCX) and All Share Price
Index (CASPI) advanced by 16.4 and 17.6 points, respectively.
