After recovering most of the losses from the previous two weeks, stock investors in Dhaka and Chattogram enjoyed a positive vacation during Eid-ul-Adha holidays. As trading resumes, the first day of the new fiscal year is expected to open on a bullish note, following the optimistic sentiment from the last closing bell before the break. Despite some political uncertainties ahead of the national election, macroeconomic factors are showing signs of positive direction, which bodes well for stock investors who tend to act on early indicators. According to analysts at brokerage and asset management firms, the economy is turning around, and recent central bank announcements to leave the exchange rate to the market and adjust lending rates upward in a high inflation environment should help stabilize the macroeconomic scenario. The US dollar is also calming down against major currencies after the aftermath of the Ukraine War, easing concerns about a significant decline in the Bangladeshi Taka. Overall, analysts predict a potential turnaround for listed companies with small growth in profits, while rational investment decisions at turning points are expected to pay off.
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