Bearish vibe on the Dhaka Stock Exchange (DSE) continues, with the key index extending its downward trend as the market fails to recover from the enduring pessimism pervading the trading floor.
The key index DSEX lost 58.23 points or 1.10 per cent and closed at 5,257.98. The blue-chip index DS30 and the Shariah-based index DSES closed at 1,930.40 and 1,174.13 points, respectively. Most of the large-cap sectors posted negative performance on Thursday.
Meanwhile, market participation remained sluggish as cautious investors preferred to remain on the sidelines and monitor the market momentum, with total turnover slightly increasing by 3.6 per cent to Tk306 crore as against Tk 296 crore in the previous session.
Only two sectors out of 19 were the gainers, and 17 sectors were on the losing side. Of the 398 scrips traded, 53 advanced, 293 declined, and 49 remained unchanged.
AGNISYSL topped the turnover chart. BIFC was the top gainer, whereas TOSRIFA was the top loser.
EBL Securities said in its daily market commentary that the market fails to recover from the enduring pessimism pervading the trading floor due to the dampened confidence of investors amidst an uncertain market outlook.
The market remained sell-dominant throughout the session as unnerved investors opted to liquidate their holdings to avoid further capital erosion in their already hampered portfolio, it said.
One stock was traded at the floor price. In the block market, shares of Tk 12.7 crore were transacted, representing a turnover of 4 per cent.
The SME index, DSMEX, increased by 10.97 points, and the market generated a Tk 20 crore turnover, a 28 per cent increase from the previous session.
According to the Royal Capital Financial Portal, LHBL and SQUARPHARMA contributed the most to the gains and losses of the DSEX index on the day, and the bear takes over the market control at noon and onwards.
The port city bourse, the Chittagong Stock Exchange (CSE), also settled on red terrain. The selected indices (CSCX) and All Share Price Index (CASPI) declined by 87.6 and 150.8 points respectively.
Besides, the market closed in red this week. The DSEX lost 164.08 points, or 3.03 per cent and closed the week at 5,257.98 points.
The blue-chip index DS30 lost 54.60 points and stood at 1,930.40 points. The Shariah-based index DSES lost 31.73 points and stood at 1,174.13 points.
Investors’ participation in the market continued to fall by 13.3 per cent to Tk 318 crore as compared to Tk 366 crore in the previous week.
Investors were mostly active in the banking sector [20.4 per cent], followed by the pharmaceutical sector [16.5 per cent], and the IT sector [11.3 per cent]. Sectors ended in red, with the services sector [-8.8 per cent] being the biggest loser.
