Dhaka stocks snap five-days losing streak amid buying appetite
However, despite the widespread price gains, overall market capitalisation fell by Tk773 crore to Tk6.77 lakh crore
Dhaka stocks snapped a five-day losing streak today (22 December), returning to the green amid buying dominance, led mainly by large-cap and blue-chip stocks.
The benchmark DSEX index rose 48 points to close at 4,874, with the majority of stocks advancing at the bourse – recovering part of the losses accumulated over the previous five sessions, during which the index had shed 137 points.
Market analysts said the recent sell-off had been driven largely by heightened volatility and investor caution amid concerns over political uncertainty ahead of the national election scheduled for February next year.
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As uncertainty mounted, many investors opted to stay on the sidelines, wary of injecting fresh funds after suffering portfolio erosion during the market downturn.
Today's session opened on a positive note, with buying pressure lifting the DSEX by more than 60 points by around 11am, according to DSE data. The market later faced some selling pressure, but managed to hold on to gains and close firmly in positive territory.
The other two key indices also advanced. The DSES, the Shariah-based index, rose by 7.7 points to close at 1,006, while the DS30, which tracks blue-chip stocks, gained 17.7 points to end the session at 1,817.
Market breadth was strongly positive. Of the 388 stocks traded during the session, prices of 302 issues advanced, while 37 declined and 49 remained unchanged, indicating broad-based buying interest across the market.
Trading activity also picked up. Total turnover jumped by 35% to Tk395.94 crore, reflecting increased investor participation compared with the previous session.
However, despite the widespread price gains, overall market capitalisation fell by Tk773 crore to Tk6.77 lakh crore.
On the gainers' list, Premier Leasing topped the chart as its share price surged by 9.83% – the maximum allowed for a single session – to close at Tk0.67. It was followed by FAS Finance, which rose 9.72% to Tk0.79, Familytex (BD), up 9.09% to Tk1.20, Generation Next Fashions, which gained 9.09% to Tk2.40, and Monno Agro Machineries, which advanced 8.74% to Tk369.30.
On the losing side, state-owned Shyampur Sugar Mills led with its share price falling 8.40% to Tk159.20. Nurani Dyeing dropped 5% to Tk1.90, Jute Spinners fell 4% to Tk195.40, Northern Jute declined 3.67% to Tk97, and First Finance slipped 3.44% to Tk2.80.
