Stocks rebound on both bourses

Business Report :

After witnessing a downward trend in the last six sessions, stocks on Sunday rebounded in the Dhaka and Chittagong stock exchanges as bargain hunters chose to take positions in the beaten-down scrips following consecutive sessions of corrections in the previous week.
DSEX, the broad index of the Dhaka Stock Exchange, advanced by 73.4 points and settled at 5,179 points as against 5,105 points in the previous trading session, reports BSS.
Market analysts observed that the indices followed an uptrend throughout the session as buyers remained predominant across the trading floor as opportunistic investors sought to take positions in particular scrips that had undergone significant corrections. However, cautious investors preferred to remain watchful of the market’s trend due to prevailing worries regarding the market momentum while trading activities were stagnant, with total market turnover decreasing by 13.5 percent to Taka 3.0 billion as against Taka 3.5 billion in the previous session.