Dhaka stock market recovers, turnover falls to Tk 355Cr

Business Report :

The Dhaka stock market ended slightly higher on Wednesday, recovering from losses seen in the previous session, though most large-cap sectors posted declines and turnover fell significantly.
The DSEX, the benchmark index of the Dhaka Stock Exchange, rose 5.36 points, or 0.1 percent, closing at 5,094.69. Other indices followed a mixed trend, with the DS30 blue-chip index edging higher while the Shariah-based DSES index slipped.

BRAC EPL Stock Brokerage noted that “the market closed in green, but most large-cap sectors showed negative performance.”

Investor activity slowed, with total turnover falling to Tk 355 crore from Tk 478 crore in the previous session. Block trades, involving high-volume transactions, contributed 2.7 percent of total turnover.

Among sectors, food & allied led losses, down 0.77 percent, followed by engineering (-0.22 percent), non-bank financial institutions (-0.06 percent).

, fuel & power (-0.04 percent), and pharmaceuticals (-0.02 percent). In contrast, banks (+0.24 percent) and telecommunications (+0.68 percent) recorded gains.

Market breadth was mixed, with 145 stocks rising, 178 declining, and 74 unchanged. Orion Infusion was the most traded stock, with a turnover of Tk 27.1 crore. On the gainers’ table, Aramit surged 9.98 percent, while FAS Finance & Investment fell 9.09 percent, emerging as the worst performer of the day.

Despite today’s marginal gains, analysts noted that subdued turnover and sectoral weaknesses indicate a cautious market sentiment, with investors closely watching corporate earnings and macroeconomic developments.