Stocks return to green amid investor optimism

The equity benchmark returned to the green this week as investors sought out falling stocks as well as fundamentally strong stocks in the ongoing earnings season amid expectations of lower policy rates .

Analysts say expectations of a potential cut in policy rates have helped boost investor confidence, sparking renewed interest in stocks offering higher yields, leading to positive momentum in the market.

Investor optimism pushed the Dhaka Stock Exchange's (DSE) key DSEX index above the 5,200 mark on Tuesday for the first time in three weeks, but the last two trading sessions saw some gains eroded due to selling pressure.

The DSEX ultimately settled the week up 32.6 points, or 0.64 percent, at 5,167. This followed a 60.5 point decline the previous week. This rebound marks a modest recovery after last week's losses.

The blue-chip DS30 index, a group of 30 leading companies, also rose 19 points to 1,913 and the DSES index, which represents sharia-based companies, edged up 11 points to close at 1,162.

Several sector stocks, including BRAC Bank, Kohinoor Chemicals, Square Pharmaceuticals, Beximco Pharmaceuticals and ADN Telecom, helped propel the market this week. These five stocks contributed 17.2 points to the increase in the DSEX index.

Some of the key financial indicators, such as remittances and exports, increased while yield rates on government securities fell, boosting investor confidence in the stock market.

In its weekly market review, EBL Securities said the capital stock market benchmark index rebounded into positive territory, driven by bargain hunters who anticipated short-term gains and selectively invested in stocks promising based on their expected earnings for the recently concluded quarter.

Furthermore, the recent decline in 10-year government bond yields is also causing growing optimism among investors, the report added.

Revenue, a crucial market indicator, stood at Tk 20.6 billion this week, compared to Tk 18.90 billion in the previous week.

As a result, the average daily turnover increased by 9.15 percent to Tk 4.12 billion from Tk 3.78 billion in the previous week.

The pharmaceutical sector retained its dominance in turnover, accounting for 17 percent of the total turnover for the week, followed by the textile sector (13 percent) and the engineering sector (11 percent).

Most of the stocks traded saw their prices appreciate, as out of 397 issues traded, 201 stocks rose while 150 finished lower and 46 remained unchanged.

ADN Telecom was the most traded stock with shares worth Taka 1.83 billion changing hands, followed by Orion Infusion, Khan Brothers PP Woven Bag, Asiatic Laboratories and Midland Bank.

Khulna Printing & Packaging was the biggest gainer of the week, climbing 22.80 percent, while Power Grid Company became the worst loser by shedding 21.5 percent.

The Chittagong Stock Exchange (CSE) also ended higher, with the CSE All Share Price Index (CASPI) gaining 97.14 points to settle at 14,449 and the Selective Categories Index (CSCX) gaining 69 points to 8,797.

The port city's bourse traded 9.22 million stocks and shares of mutual funds, with turnover reaching Taka 215.21 million.

[email protected]

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos