The Dhaka Stock Exchange (DSE) began the week on a bleak note as market volatility eroded investor confidence, reversing the gains from the past three sessions.
The DSEX, key index of the DSE, fell by 14.74 points, closing at 5,711.77, while market turnover dropped 8.8 per cent, settling at Tk 669 crore. Blue-chip and Shariah-based indices also saw declines as the DS30 and the DSES closed at 2,085.53 and 1,246.68 points, respectively, with most large-cap sectors posting negative performances.
Out of 398 traded stocks, 182 declined, 169 advanced, and 46 remained unchanged, reflecting the cautious sentiment among investors. Meanwhile, market turnover decreased by 8.8 per cent and settled on Tk 669 crore compared to the Tk 733 crore recorded in the previous session.
LINDEBD topped the turnover chart. SKTRIMS was the top gainer, whereas TRUSTB1MF was the worst sufferer.
One stock was traded at the floor price.
However, shares worth Tk 37.4 crore were transacted in the block market, representing a turnover of 5.59 per cent.
The SME index, DSMEX, decreased by 0.04 points while the market generated a Tk 5 crore turnover, a 65 per cent decrease from the previous session’s records.
According to the Royal Capital Financial Portal, ISLAMIBANK and SQURPHARMA contributed most to the gains and losses of the DSEX on the day, and the bull kept its strength throughout the day.
EBL Securities, in its daily market commentary, said that the market volatility persisted throughout the session as sellers continued their dominance, while opportunistic investors preferred to observe the market’s trend and sit on cash to look for lucrative investment opportunities.
However, the forthcoming declaration of June-end corporate earnings is expected to invigorate market activity, providing investors with opportunities to capitalise on positive earnings calls, the EBLSL review added.
Meanwhile, at the port city’s bourse, the Chittagong Stock Exchange (CSE) also settled on red terrain with its selective indices, the CSCX, and the All-Share-Price index, CASPI, declining by 12.5 and 21.3 points, respectively.
