Stocks in Bangladesh yesterday rebounded from a slight slump the day before as investors made fresh bets on blue-chip and large-cap companies in anticipation of beneficial price fluctuations amid the massive reforms underway in the financial sector, including the capital market.

A Dhaka-based investor said that they are sanguine about the return of good governance in the market as the Bangladesh Securities and Exchange Commission (BSEC) is taking steps to this end to boost investor confidence.

In the meantime, the United Kingdom has expressed interest in helping Bangladesh reform its share market alongside the revenue and banking sectors.

This news positively impacted market activity as the broad index of the country's premier bourse rose by more than 1 percent after having fallen or advanced marginally for the last few days.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged up by 1.25 percent from the day prior to close at 5,756.71 points.

The DSES index, which represents Shariah-based companies, grew by 1.42 percent to 1,234.37 points while the DS30 index comprising blue-chip firms soared by 1.46 percent to 2,117.93 points.

Of the 398 issues that changed hands at the DSE, 271 closed at a higher value, while 79 ended lower and 48 did not see any price fluctuation.

Turnover, a measure of the total value of shares traded in the day market, stood at Tk 898.65 crore, an increase of 19.78 percent compared to the previous session.

BRAC Bank was the most traded share with a turnover of Tk 47.6 crore, which is 1.71 percent of the day's total market turnover, followed by MJL Bangladesh, Olympic Industries and Grameenphone, who all logged a gain of 6.90 percent, 4.07 percent and 5.79 percent respectively.

The banking sector again dominated the turnover chart, accounting for 20.23 percent of the day's total market turnover.

Yesterday, market movement was driven by positive changes in the market cap of travel and leisure, telecommunication and life insurance scrips amid negative changes in the market cap of paper and printing, tannery industries and treasury bonds, according to the daily market update of Shanta Securities.

Market capitalisation refers to the total value of a company's shares owned by investors in each sector.

The contribution of block trades, meaning high-volume transactions in securities that are privately negotiated and executed outside of the open market, stood at Tk 144.65 crore, representing 16.1 percent of the day's total turnover.

All the sectors that account for large amounts in market capitalisation posted positive performances, BRAC EPL Stock Brokerage said in its daily market update.

Telecommunication booked the highest gain of 5.05 percent followed by engineering, food and allied, and fuel and power with gains of 3.77 percent, 2.47 percent and 1.79 percent respectively.

The non-banking financial institutions (NBFIs) also recorded a gain of 1.69 percent while pharmaceuticals posted a gain of 0.52 percent and banks increased 0.22 percent.

Shares of companies like Grameenphone, BAT Bangladesh, BRAC Bank, Olympic Industries, Renata, MJL Bangladesh, Khan Brothers PP Woven Bag Industries, Robi Axiata, Square Pharmaceuticals and Beacon Pharmaceuticals drew investors' interest the most, according to LankaBangla Financial Portal.

Beximco Pharmaceuticals, National Bank, United Commercial Bank, City Bank, Marico Bangladesh, Orion Pharma, Power Grid Company of Bangladesh, Orion Infusion, Taufika Foods and Lovello Ice-cream and Bashundhara Paper Mills put up tame performances.

Of them, Grameenphone is the only company who logged double-digit growth of 11.86 percent in share prices.

The Chittagong Stock Exchange saw a similar trend as the CASPI, the main index of the port city bourse, went up by 133.71 points, or 0.82 percent, to settle at 16,402.51 points.