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The capital bourse – Dhaka Stock Exchange (DSE) – dipped for another trading session on Thursday, as investors remained reluctant to take fresh bets in equities amid shaky confidence across the trading floor.
Meanwhile, market participation plunged to a horrific level, with the DSE turnover hitting to a 50-day low yesterday.
The DSEX, the benchmark index of the premier bourse, declined 13.2 points to settle at 6,205 against 6,218 in the previous trading session.
Among other indices, the DS30, the blue-chip index, fell 0.38 points or 0.01 per cent to 2,221, and the DSES, the Shariah-based index dropped 3.38 points or 0.24 per cent to 1,355.
The DSE turnover fell by 13.4 per cent to Tk 222 crore on Thursday against Tk 257 crore in the previous session.
The market sustained its downbeat vibe as investors continued to offload their holdings and remained on the sidelines in the absence of a positive trigger for the market to bounce back to a persistent positive momentum, said EBL Securities, a stockbroker, in its daily market review.
Moreover, liquidation opportunities got squeezed since majority of scrips were trading near or at the floor prices, prompting cautious investors to remain watchful before making any investment decision, it added.
The pharma sector topped the turnover chart with a contribution of 18.4 per cent to the total turnover of the DSE, followed by the IT (14.6 per cent) and the miscellaneous (14.4 per cent).
Most sectors displayed dismal returns on the prime bourse, with the IT facing the highest correction of 2.2 per cent, followed by services (1.3 per cent) and paper (1.3 per cent).
On the other hand, the travel sector alone posted a slight gain of 0.3 per cent on the capital bourse yesterday.
Islami Insurance Bangladesh Limited topped the gainer list with a return of 1.0 per cent, while Metro Spinning Ltd faced the highest correction of 6.9 per cent.
Meanwhile, Bangladesh Shipping Corporation was the most traded stock with Tk 29.12 crore worth of shares changing hands, followed by Genex Infosys Limited (Tk 16.85 crore).
Out of the securities traded, only 7 stocks surge, 150 issues fell, and 234 scrips did not see any movement on the DSE trading floor.
The port city bourse, CSE, also settled on red terrain, with its two major indices – the selected indices (CSCX), and the all-share price index (CASPI) – declined by 15.4 points and 25.7 points respectively.
