Bangladesh Stock Market Sees Tech-Led Rebound After Budget Slump

Bangladesh’s stock market has shown signs of recovery this week as technology and blue-chip stocks led a bounce-back following a brief downturn after the national budget was announced. The Dhaka Stock Exchange (DSE) saw an increase in the DSES index, which monitors Shariah-compliant stocks, climbing by 17.5 points to reach 1,028.9. Meanwhile, the DS30 index for blue-chip stocks went up by 32.7 points, landing at 1,762.4, as reported by DSE data from three days ago. This rebound reflects renewed investor confidence in high-value and tech-linked companies after a short-term post-budget lull. The market decline in early June saw investors sell off shares of consumer and financial sector companies, with nearly 310 out of 398 stocks falling and mutual funds also posting losses. However, the quick rebound suggests that the dip was driven by short-term factors rather than long-term fundamentals. Tech and telecom stocks helped stabilize the market. Companies like Grameenphone, Walton Hi-Tech Industries, and Robi Axiata saw moderate gains—between 0.6% and 1.6%—while engineering and manufacturing firms also recorded positive movement. These sectors are seen as more resilient due to rising digital demand and strong earnings outlooks. Trading turnover fell from Tk 1,581 crore in the week before Eid-ul-Azha to Tk 964 crore this week—likely due to fewer trading days—but market analysts view the tech-led recovery as a positive sign. Another recent trend is the increasing adoption of online trading platforms and Fintech tools, which are making investing more accessible—especially to younger, tech-savvy individuals. AI-powered stock analysis tools, predictive insights, and mobile-based brokerage services are expanding investor participation. Experts say the shift toward digital platforms is transforming Bangladesh’s capital market. As more retail investors use apps and real-time data, the market becomes more responsive and transparent. Looking ahead, success depends on macroeconomic stability, policy clarity, and continued advancements in digital trading tools. If emerging trends hold, the DSE could maintain momentum—and possibly reach the 4,700–4,800 range for its main index (DSEX) in the coming weeks. In summary, a brief stock market downturn post-budget was swiftly balanced by renewed interest in technology-driven and blue-chip stocks. With online trading tools gaining ground, Bangladesh’s stock market is evolving—becoming more resilient, inclusive, and digitally empowered.