Stocks extend rally for 9th straight session
Stocks extended its winning streak for a ninth consecutive trading session on Thursday, supported by renewed investor confidence following the implementation of commission reforms and the appointment of a new leadership team at the Bangladesh Securities and Exchange Commission (BSEC).
The broad-based DSEX index of the Dhaka Stock Exchange (DSE) advanced 33.3 points to close at 5,475, up from 5,442 in the previous session, reflecting sustained optimism among investors regarding the future direction of the capital market.
Trading began on a cautious note as some investors engaged in profit-taking after several days of gains.
However, market sentiment improved significantly from midday onward following media reports on the appointment of a new BSEC chairman and commissioners, which investors viewed as a positive step toward strengthening regulatory oversight and enhancing market governance.
Market activity also witnessed a notable increase, with turnover surpassing the Tk 1300 crore mark for the first time in around nine months. Total turnover rose by 5.7 percent to Tk 1350 crore, compared with Tk 1280 crore in the previous session.
Sector-wise, the Engineering sector dominated trading activity, accounting for 13.8 per cent of total turnover, followed by Pharmaceuticals at 12.8 per cent and General Insurance at 11.9 per cent.
Most sectors closed higher, led by General Insurance and Services, both gaining 3.9 per cent, while the Paper sector advanced 2.6 per cent. Financial Institutions was the only sector to finish in negative territory, slipping 0.7 per cent.
Market breadth remained strongly positive, with 237 issues advancing, 101 declining and 58 remaining unchanged out of 396 traded securities.
The Chittagong Stock Exchange (CSE) also ended the session in positive territory. The Selective Categories Index (CSCX) gained 49.3 points, while the All Share Price Index (CASPI) rose 82.3 points.
Market analysts said the continued rise in indices, coupled with higher turnover, indicates improving investor participation and growing confidence in the market’s regulatory and governance framework.
