Special Correspondent : The Dhaka Stock Exchange (DSE) saw a turnaround on Sunday as its key index, DSEX rose 22 points to close at 4,995, ending a nine-day losing streak.
Meanwhile, trading activities still remained stagnant with total turnover in DSE being low at Tk 3.4 billion. 14 sectors out of 19 were the gainers, and 5 were on the losing side. Of the 395 scrips traded, 235 advanced, 99 declined, and 63 remained unchanged.
The blue-chip index DS30 (+0.41%), the Shariah-based index DSES (+0.30%), and the large-cap index CDSET (+0.07%) closed at 1,852.48, 1,108.02, and 1,023.51 points, respectively.
Large-cap sectors posted mixed performance today. NBFI booked the highest gain of 0.91%, followed by Bank (+0.80%), Pharmaceutical (+0.77%), Engineering (+0.57%), Fuel & Power (-0.05%), Food & Allied (-0.39%), and Telecommunication (-2.90%), respectively.
Block trades contributed 2.8% of the overall market turnover. Beach Hatchery Ltd. (+1.7%) was the most traded share with a turnover of Tk175 million.
In its daily market commentary, the EBL Securities said that the depressed capital market managed a modest rebound after several sessions of heavy selloffs, as investor sentiment turned somewhat positive after the BSEC announced liquidity relief measures for market intermediaries this year, particularly a relaxation of the negative equity provisions to ease pressure on them.
However, the recovery may lack strong momentum since its sustainability remains uncertain in absence of a more decisive catalyst for reviving investor confidence.
Although the market extended its continuous free fall till the mid-session, with the broad index plunging further by around 57 points, bargain hunters soon emerged to rescue the ailing market that helped it close in positive territory after nine consecutive sessions of prolonged downturn.
BEACHHATCH topped the turnover chart. BPML was the top gainer, whereas DESCO was the top loser. In the block market, shares of Tk 9.5 crore were transacted, representing a turnover of 2.8%.
The SME index, DSMEX, increased by 6.08 pts, and the market generated a Tk 2.6 crore turnover, a 29% decrease from the previous session.
According to the Royal Capital Financial Portal, SQURPHARMA and BATBC contributed the most to the gains and the losses of the DSEX index today, the bull takes over the market control in last hour of the trading session.
The port city bourse, Chittagong Stock Exchange (CSE), however, settled on red terrain. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) fell by 65.8 and 96.6 points, respectively.