The market rebounded in the gaining streak on Sunday, snapping a two-day losing streak, as bargain hunters showed their buying interest on sector-wise stocks.
The market opened higher and went through some volatility until the end of the session as many investors rebalanced their portfolios based on latest quarterly earnings and year-end dividends.
DSEX, the key index of the Dhaka Stock Exchange, went up by 26.25 points or 0.39 per cent to settle at 6,669, after losing 34 points in the past two trading days.
The DSE Shariah Index (DSES) also edged up by 3.78 points to close at 1,447. However, the DSE 30 Index, comprising blue chips, fell 4.31 points to finish at 2,449.
The number of investors on the trading floor also surged as most investors returned to Dhaka after the Eid break.
Turnover, the crucial indicator of the market, jumped to Tk 9.72 billion on the country's premier bourse, climbing by 108 per cent over previous session's mark of Tk 4.68 billion.
Market analysts said stocks rebounded with increasing turnover as institutional investors became active and small investors rebalanced their portfolios based on latest earnings declarations.
The bargain hunters favored taking a position in selective large-cap issues taking advantage of the recent corrections, said a merchant banker.
Price surge of some large-cap stocks like Walton, Grameenphone, MJL Bangladesh, Paramount Textile and IFAD Autos helped the index to rebound, he said.
Participation observed a considerable rise as the bottom circuit breaker raised to 5.0 per cent, giving investors an opportunity to engage in fresh investment activities, he added.
"Followed by earnings declarations the optimistic investors exhibited their buying binge on sector-specific issues that met their expectations," said EBL Securities.
"The investors put fresh funds in the market after a long vacation," said International Leasing Securities.
The stockbroker noted that the investors increased their participation in the market significantly as some of the June-closing stocks performed well in the third quarter.
"Better-than-expected quarterly earnings and year-end dividend declarations of some of the listed companies attracted investors," said a leading broker.
Major sectors showed mixed performances. Engineering, power, food and financial institutions posted gain of 1.10 per cent, 1.0 per cent, 0.50 per cent and 0.10 per cent respectively.
On the other hand, banking and pharma sectors shed 0.10 per cent each.
Of the 380 issues traded, 216 advanced, 112 declined and 52 remained unchanged on the DSE trading floor.
JMI Hospital Requisite Manufacturing was the most-traded stock with shares worth Tk 541 million changing hands, followed by Beximco (Tk 366 million), GPH Ispat (Tk 363 million), Unique Hotel (Tk 349 million) and IPDC Finance (Tk 299 million).
Shinepukur Ceramics was the top gainer, posting a 9.96 per cent gain while The City Bank was the worst loser, losing 13.87 per cent following its price adjustment after record date.
The Chittagong Stock Exchange (CSE) also rebounded with the CSE All Share Price Index - CASPI -gaining 105 points to settle at 19,595 and the Selective Categories Index - CSCX - advancing 63 points to close at 11,757.
Of the issues traded, 172 advanced, 91 declined, and 25 issues remained unchanged on the CSE.
The port-city bourse traded 12.12 million shares and mutual fund units with turnover value worth Tk 319 million.
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