Written by The Banking Post
Stocks opened on a strong note on Thursday, extending recent gains as investors continued to hunt for undervalued shares, pushing turnover past the Tk 3 billion mark within the first hour.
The upbeat mood was driven by selective buying in large-cap stocks, particularly banking shares, following upbeat first-quarter earnings disclosures. Many listed banks reported year-on-year profit growth, largely supported by higher returns from investments in government securities.
The benchmark index of the Dhaka Stock Exchange (DSE) rose by more than 25 points, or 0.48 per cent, to 5,268 by 11:00am. The blue-chip DS30 index edged up 1 point to 1,992, while the Shariah-based DSES index gained 5 points to 1,069.
Market turnover—a key indicator of trading activity—climbed to Tk 3.21 billion during the same period, signalling renewed participation after recent volatility.
Gainers dominated the trading floor, with 281 issues advancing against 62 decliners, while 44 remained unchanged.
VFS Thread Dyeing led the turnover chart, followed by Shinepukur Ceramic, Meghna Insurance, BBS Cables and Dominage Steel.
The Chittagong Stock Exchange (CSE) also mirrored the positive trend, with its broad index gaining 75 points and the selective index rising more than 56 points.
Analysts said the market’s rebound reflects short-term optimism, although investors remain selective amid lingering uncertainty.
