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The capital bourse – Dhaka Stock Exchange (DSE) – extended its downward trend for the second session in a row as investors continued to shy away from actively participating in the market amid rumors and unclear market outlook.
The DSEX, the benchmark index of the premier bourse, dipped 9.1 points to settle at 6,219 against 6,228 in the previous trading session.
Among other indices, the DS30, the blue-chip index, slightly gained 0.24 points or 0.01 per cent to 2,221, while the DSES, the Shariah-based index, fell 2.31 points or 0.17 per cent to 1,359.
Meanwhile, the prime bourse witnessed an increase in participation, with the DSE turnover rising by 14.6 per cent to Tk 326 crore against the tally of Tk 285 crore in the previous session.
The market’s downbeat vibe continued to prevail throughout the session as investors’ willingness to take fresh bets in equities weakened amid prolonged corrections of the majority of securities, said EBL Securities, a stockbroker, in its daily market review.
Investors opted to remain watchful and stay on the sidelines until the market experiences a major trigger to regain a consistent positive momentum, defying rumors and current uncertainty in market direction, it added.
The IT sector topped the turnover with a contribution of 18.0 per cent to the total DSE turnover, followed by pharma (10.7 per cent) and miscellaneous (10.3 per cent).
Most of the large-cap sectors posted negative performance yesterday, with the pharma faced the highest loss of 0.11 per cent, followed by fuel & power (0.04 per cent), engineering (0.03 per cent), NBFI (0.01 per cent), bank (0.01 per cent), telecommunication (0.00 per cent).
On the other hand, the mutual fund posted the highest gain of (0.2 per cent), followed by tannery (0.2 per cent) and food (0.1 percent). The ICB AMCL CMSF Golden Jubilee Mutual Fund topped the gainer list with a return of 9.7 per cent.
