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Key index goes past 5,500-point mark as stocks rebound


The trading was diversified too, he said.
Around 32 per cent turnover of the DSE had been concentrated in five to six companies in the last couple of weeks. They were Beximco Ltd, Beximco Pharmaceuticals, BATBC, LankaBangla Finance, and Robi Axiata, DSE data showed.
Investors bought various stocks, indicating their renewed hope in the market, he added.
For the last few days, junk stocks have been advancing as many investors think these shares would perform better in the future thanks to regulatory steps, said a stock broker.
The Bangladesh Securities and Exchange Commission changed the board of directors of five low-performing companies in a bid to improve their performance. The regulator may take similar steps for some other companies. ....

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Despite jitters, 2020 was a banner year for stocks


Despite jitters, 2020 was a banner year for stocks
Despite all the economic uncertainty amid the ongoing coronavirus pandemic, 2020 saw growing investor confidence in the country s stock market, which rose by more than 20 per cent this past year.
DSEX, the benchmark index of the Dhaka Stock Exchange, stood at 4,453 points at the beginning of the year on January 1 while it was 5,402 by the end of December.
A number of indications influenced the upward trend in investor confidence, such as a change to the market regulator s long-standing leadership and policy support from Bangladesh Bank, according to market analysts.
The year will also be remembered for the abnormal rise of insurance stocks, which almost doubled in value amid the current crisis. ....

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