Stocks open higher after two-day slump on bargain hunting

Stocks opened on a positive note Tuesday, recovering from a two-session losing streak as bargain hunters returned to the market, taking positions in fundamentally attractive stocks in anticipation of short-term gains.

Market participants said investors showed renewed buying interest in selected blue-chip and large-cap stocks after the recent correction, while optimism surrounding government initiatives to support the capital market also boosted confidence.

The benchmark DSEX index of the Dhaka Stock Exchange (DSE) advanced 23 points, or 0.47 per cent, to 5,580 by 11:00 am, indicating a rebound in investor sentiment following the recent profit-taking pressure.

Analysts said the government's repeated commitment to revitalising the stock market, along with several budgetary incentives and reform measures announced in the national budget for FY2026-27, has helped improve market sentiment and encouraged investors to increase their exposure to equities.
Turnover on the premier bourse reached Tk 2.36 billion within the first hour of trading, reflecting moderate participation from investors. However, many market participants remained cautious as they continued to assess the sustainability of the recent rally amid lingering concerns over global geopolitical developments and domestic economic conditions.
Market breadth remained strongly positive, with gainers significantly outnumbering losers. Of the traded issues, 238 advanced, 57 declined and 87 remained unchanged by 11:00 am.

Among the most actively traded stocks, Beximco Pharmaceuticals topped the turnover chart, with shares worth Tk 274 million changing hands during the period following the company's board meeting-related disclosure released on Tuesday.

Sector-wise, pharmaceuticals, banking, telecommunications and selected large-cap stocks witnessed notable buying interest, helping the market maintain its upward momentum throughout the morning session.

Meanwhile, the port city bourse opened on a mixed note. The benchmark CASPI index of the Chittagong Stock Exchange (CSE) shed 9 points to 15,073, while the CSCX index lost 10 points to 9,223 in early trading despite the positive trend seen on the DSE.  

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