Business Desk :
Stocks rebounded in the gaining streak on Wednesday, after a single-day break, as bargain hunters showed their buying binge on sector-wise issues amid positive expectation.
DSEX, the key index of the Dhaka Stock Exchange, went up by 20.08 points or 0.39 per cent to settle at 5,069, after losing 3.69 points in the previous day.
Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 6.87 points to finish at 1,767 and the DSE Shariah Index gained 5.19 points to close at 1,163.
Market operators said bargain hunters showed their buying appetite on sector-specific issues amid growing confidence riding on regulatory moves and gradual improvement of economic activities, reports UNB.
The investors showed buying appetite riding on some of the positive macro-economic indicators despite Covid-19 pandemic. The stock market regulator’s moves to restructure the boards of the listed companies which sponsor-directors fail to hold minimum 30 per cent shares jointly, also attracted the investors, said a merchant banker.
He noted that the regulatory measures were crucial for the rise in the confidence of the stock investors, which geared up the index and turnover.
He said expected arrival of an effective vaccine and sign of returning to normalcy by early next year, investors believe the stock market is likely to retain strength with economic recovery.
Stocks rebounded in the gaining streak on Wednesday, after a single-day break, as bargain hunters showed their buying binge on sector-wise issues amid positive expectation.
DSEX, the key index of the Dhaka Stock Exchange, went up by 20.08 points or 0.39 per cent to settle at 5,069, after losing 3.69 points in the previous day.
Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 6.87 points to finish at 1,767 and the DSE Shariah Index gained 5.19 points to close at 1,163.
Market operators said bargain hunters showed their buying appetite on sector-specific issues amid growing confidence riding on regulatory moves and gradual improvement of economic activities, reports UNB.
The investors showed buying appetite riding on some of the positive macro-economic indicators despite Covid-19 pandemic. The stock market regulator’s moves to restructure the boards of the listed companies which sponsor-directors fail to hold minimum 30 per cent shares jointly, also attracted the investors, said a merchant banker.
He noted that the regulatory measures were crucial for the rise in the confidence of the stock investors, which geared up the index and turnover.
He said expected arrival of an effective vaccine and sign of returning to normalcy by early next year, investors believe the stock market is likely to retain strength with economic recovery.
