The DSEX, the key index of the Dhaka Stock Exchange (DSE), on Wednesday again plunged by 72.0 points, or 1.37 per cent and settled at 5,170 points as risk-averse investors continued trimming their equity exposure amid waning confidence.
Meanwhile, trading activities remained stagnant, with market turnover decreasing by 10.1 per cent to Tk 321 crore as against Tk 358 crore in the previous session.
All sectors out of 19 were on the losing side. Of the 398 scrips traded, 52 advanced, 306 declined, and 41 remained unchanged.
The blue-chip index DS30 and the Shariah-based index DSES closed at 1,892.77 and 1,162.65 points, respectively. All the large-cap sectors posted negative performance.
In its daily market commentary, EBL Securities stated that the depressed capital market turned back to suffer the outrage of dominant selling pressure after just two sessions of brief positive vibe as risk-averse investors continued trimming their equity exposure amid waning confidence, while the central bank's latest policy rate hike put further strain on the ailing market.
The relentless bearish spell remained dominant throughout the session, with the majority of scrips exerting significant price corrections due to the enduring pessimism pervading the trading floor, leaving investors in a state of persistent uncertainty, it said.
LOVELLO topped the turnover chart. IFADAUTOS was the top gainer, whereas APEXFOOT was the top loser. One stock was traded at the floor price. In the block market, shares of Tk 21.6 crore were transacted, representing a turnover of 6.71 per cent.
The SME index, DSMEX, decreased by 7.39 points, and the market generated a Tk 3.8 crore turnover, a 69 per cent decrease from the previous session.
According to the Royal Capital Financial Portal, SQUARPHARMA and BATBC contributed the most to the gains and losses of the DSEX index on the day, and the bear takes over market control at 11:45am 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 67.8 and 121.0 points respectively.
Of the issues traded, 127 declined, 42 advanced, and 25 issues remained unchanged on the CSE.
