Stocks retuned to upward trend after breaking the sixth straight week losing streak as bargain hunters were active on large-cap securities including Robi Axiata.
Market analysts said many investors bought shares to hold their position on sector-wise issues especially insurance sector as shares of different companies became lucrative for continuously falling share prices last several weeks.
Finally, the capital market is returning to a positive trend, it is good news for the market, they added.
However, it is risky to invest in low capital and weak category stocks at this time, they said adding that, so it is advisable to invest after knowing very well about the market.
They have urged the investors not to pay heed to rumours and get out of this situation. Investors should invest in good financial-based companies after analysis, they mentioned.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), increased by 99.39 points or 1.84 percent to finish at 5,515.78 points in the last week.
However, DSEX rebounded after losing more than 493 points in the past six consecutive weeks.
The DSE’s 30 Index comprising blue chips went up by 46.89 points or 2.27 percent to close at 2,112.68 points and the DSE Shariah Index (DSES) increased by 22.72 points or 1.85 percent to finish at 1,248.60 points during the time.
Total weekly turnover increased to Tk 3,596 crore last week, up 54 percent higher from Tk 2,335 crore in the previous week.
eGeneration Limited was the week's top gainer and was higher 59.51 percent to close at Tk 39.40 on Thursday.
It was followed by Anwar Galvanizing, GQ Ball Pen Industries, GBB Power and Beacon Pharmaceuticals.
British American Tobacco Bangladesh was the week's worst loser, losing 63.54 percent.
The market capitalisation of the DSE advanced 1.31 percent to Tk 4,731 billion on Thursday, from Tk 4,669 billion in the week before.
Out of 367 issues traded on DSE, 199 ended higher, 100 closed lower and 68 remained unchanged on the DSE floor.
On the other hand, the port city bourse, the Chattogram Stock Exchange (CSE) also saw a positive trend with its selective category index (CSCX) gaining 2.03 percent during the last week to close at 9633.17 points on Thursday.
The All-Share Price Index (CASPI) of the CSE was higher by 2.08 percent during the time to close at 15976.35 points on Thursday.
Of the 303 issues traded, 168 advanced, 62 declined and 74 remained unchanged on the CSE in last week.
The port city's bourse traded 57 million shares and mutual fund units with turnover value of Tk 2,06.22 crore during the last week.
