DSE extend gains for second day

Business Report :

Dhaka stocks continued their upward momentum for a second consecutive session today, buoyed by strong performances in large-cap sectors on the week’s final trading day.

The DSEX, the key index of the Dhaka Stock Exchange (DSE), advanced 29.82 points, or 0.58 percent, to close at 5,122.22, according to DSE data. The Shariah-based DSES and blue-chip DS30 indices also moved higher, reflecting a broad-based positive sentiment across the market.

Brokerage firm BRAC EPL Stock Brokerage Ltd said in its daily report that the market closed in the positive zone as all large-cap sectors posted gains, helping the benchmark index recover further after a brief losing streak earlier in the week.

However, despite the market’s rise, turnover fell by 5 percent to Tk 476 crore, indicating that many investors remained cautious. Market analysts attributed the lower trading volume to ongoing macroeconomic concerns and limited liquidity in the secondary market.

Among the major sectors, non-bank financial institutions (NBFIs) led the rally with a 1.73 percent gain, supported by renewed investor confidence in select financial stocks.

The telecom sector followed with notable gains, while fuel and power, engineering, banking, food and allied, and pharmaceuticals also advanced.

Market breadth remained firmly positive, with 241 issues gaining, 81 declining, and 72 remaining unchanged, showing strong overall participation.

Block trades large transactions often made by institutional investors accounted for 2.5 percent of total turnover, reflecting some big-ticket movements in the market.

In terms of individual performances, Orion Infusion remained the most traded stock of the day, with a turnover of Tk 32 crore. Tamijuddin Textile Mills topped the gainers’ list, jumping 13.71 percent, while Orion Infusion turned out to be the worst performer, falling 4.48 percent.