Business Report :
After a shaky start to the week, the Dhaka Stock Exchange (DSE) witnessed a strong intraday rebound on Sunday, reversing steep morning losses and ending the session on a positive note.
The volatile trading pattern reflected both investor anxiety and the market’s underlying resilience amid ongoing macroeconomic uncertainties.
The benchmark DSEX index plunged by 80 points by 10:33am, dragged down by aggressive sell-offs across large-cap and mid-cap sectors.
Traders said the early decline was driven by lingering concerns over corporate earnings, subdued liquidity in the banking system, and cautious sentiment following several sessions of downward movement.
However, as the day progressed, bargain hunters re-entered the market, particularly in selective bank, telecom, pharmaceutical, and power sector stocks, allowing the index to recover 112 points from the intraday low.
This strong pullback helped the DSEX finish 29 points higher at 4,732, marking a notable turnaround from the morning turmoil.
The DS30, which tracks blue-chip shares, also benefited from renewed interest in fundamentally strong stocks, closing 9 points up at 1,860.
Analysts noted that the movement in the DS30 indicated selective institutional participation despite the broader market’s ongoing cautious stance.
Market breadth improved significantly, with 236 issues advancing, 113 declining, and 35 remaining unchanged a sign that buyers stepped in across multiple sectors once prices entered attractive zones.
Still, the recovery in indices did not match investor activity levels. Daily turnover dropped 22% to Tk298 crore, underscoring the fact that many traders remained defensive.
Market analysts attributed the thin turnover to a “wait-and-watch” approach, as investors continue to monitor macroeconomic indicators, the taka’s exchange rate behaviour, and the upcoming monetary policy stance.
Despite the muted participation, the day’s rebound offered some relief to investors who had been rattled by recent corrections.
Analysts expect the market to remain sensitive in the coming days, with direction likely to be influenced by regulatory updates and institutional portfolio adjustments.
