Stocks rebounded Monday, after remaining dull in the last few sessions amid increased participation of investors, riding on banking and telecommunication stocks.
The trading started with a positive note, which continued throughout the session as investors bet mainly on shares of bank and telecommunications sectors.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,367.89 points, surging 45.63 points or 1.06 per cent. It was the steepest single-day gain in the last ten trading sessions.
The other two indices also closed higher. The DS30, comprising blue chips gained 16.79 points or 1.05 per cent to close at 1,610.67 points while the DSE Shariah Index (DSES) moved up by 9.59 points or 0.97 per cent to close at 998.39 points.
Market activities increased a bit, but remained below Tk 3.0 billion level. DSE turnover stood at Tk 2.93 billion which was 31.4 per cent higher compared to previous session's 4-week low turnover of Tk 2.23 billion.
"The bearish movements of the last few sessions created some stimulus of undervaluation, which to some extent enticed the investors to take position and created a natural re-bounce," commented International Leasing Securities, in its daily market analysis.
Though the turnover level improved slightly, sluggish participation persisted as the investors sought confirmation regarding the day's trend reversal, said the International Leasing.
"The market rebounded and ended in positive territory as value investors perceived the market to be in an oversold situation," said LankaBangla Securities.
Much of the day's gain can be attributed to surge in banking and telecommunication stocks which gained 2.04 per cent and 2.80 per cent respectively, said the stock broker.
DSEX up 45.63 points
FE Report | Published: June 24, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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