DSEX Surges 55 Points as Turnover Rises | Market Shows Early Signs of Recovery

Описание: After Wednesday’s turnover of BDT 355.04 crore, today’s volume rose significantly to BDT 468.61 crore, marking a strong increase in trading activity. The benchmark DSEX index surged by 55.20 points to close at 5,149.89 from yesterday’s 5,094.70, signaling a clear recovery.

As we predicted after market gained a support at the beginning of the week the RSI rose to 38.89 from yesterday’s 32.11, indicating that the market is slowly moving out of deep bearish territory. This suggests that buying momentum is returning and the market is entering a cautious bullish/recovery mode.

Out of the traded issues, 249 advanced, 80 declined, and 64 remained unchanged, reflecting broad-based optimism among investors.