The Bangladesh capital market witnessed a significant turnaround on Sunday, the first trading day of the week, as the benchmark index of the Dhaka Stock Exchange (DSE) surged past the psychologically important 5,000-point mark for the first time in over a month and a half.
Bolstered by renewed investor confidence, the market saw widespread price hikes, with gainers outnumbering losers by a staggering seven-to-one ratio. This rally marks the largest single-day gain for the indices since the start of the new year.
DSE Market Performance
The broad index, DSEX, jumped by 76 points or 1.54% to settle at 5,035 points. This is the highest level for the index since November 27, when it last closed above the 5,000-threshold at 5,028.
Other key indices also followed the upward trend:
-
DSES (Shariah Index): Rose by 13 points (1.35%) to reach 1,009.
-
DS-30 (Blue-chip Index): Gained 26 points (1.38%) to finish at 1,939.
Market liquidity also showed signs of recovery. Total turnover on the DSE stood at Tk 474.09 crore, a notable increase from the Tk 379.80 crore recorded in the previous session on Thursday. Out of 389 issues traded, 290 advanced, 42 declined, and 57 remained unchanged.
CSE Highlights
The Chittagong Stock Exchange (CSE) mirrored this bullish sentiment. The CASPI (All Share Price Index) climbed by 165 points to settle at 14,087, while the CSCX rose by 104 points to 8,726.
Trading Summary at CSE: | Metric | Sunday Performance | | :— | :— | | Total Issues Traded | 163 | | Advanced | 97 | | Declined | 47 | | Unchanged | 19 | | Total Turnover | Tk 7.46 Crore |
Analyst Perspectives and Market Sentiment
Market analysts attribute this sudden spike to a potential shift in investor sentiment after a prolonged bearish period. For nearly 18 months, the market has faced a persistent downward trend, often linked to a “confidence crisis” under the current leadership of the Bangladesh Securities and Exchange Commission (BSEC) and the interim government.
Observers noted that large-scale investors, who had previously remained on the sidelines to monitor the regulatory environment, appear to be re-entering the fray. Despite recent news such as the exclusion of 16 stocks from the DSEX and the rejection of Al-Haj Textile’s capital-raising proposal, the broader market remained resilient, signaling a possible end to the long-term correction phase.
