Special Correspondent
DSEX, the key index of the Dhaka Stock Exchange (DSE), started the week on a dismal note, extending the downbeat vibe from the previous sessions as dominant selloffs remained prevalent across the market due to the wavering investor sentiment pervading the trading floor.
On Sunday, the broad index of the Dhaka bourse declined by 34.1 points to settle at 5,132 points as against 5,167 points in the previous trading session.
Meanwhile, stagnancy in trading activities continues with market turnover further decreasing by 10.6% to Tk 318 crore as against Tk 356 crore in the previous session.
The blue-chip index DS30 and the Shariah-based index DSES closed at 1,895.76 and 1,150.92 points, respectively. All the large-cap sectors posted negative performance on the day.
NBFI experienced the highest loss of 1.50%, followed by Pharmaceutical (-1.25%), Telecommunication (-1.11%), Engineering (-1.05%), Food & Allied (-0.90%), Bank (-0.56%), and Fuel & Power (-0.43%), respectively. ADN Telecom Limited (+4.5%) was the most traded share with a turnover of Tk 19 crore.
DSEX experienced a downtrend after one hour of resumed trading, with a 0.32% decrease in market capitalization compared to the previous trading day. Meanwhile, volume decreased by 9%, and turnover decreased by 11%.
Six sectors out of 19 were the gainers, and 13 were on the losing side. Of the 396 scrips traded, 75 advanced, 261 declined, and 67 remained unchanged.
ADNTEL topped the turnover chart. MITHUNKNIT was the top gainer, whereas KEYACOSMET was the top loser.
In the block market, shares of Tk 18 crore were transacted, representing a turnover of 5.74% on the Dhaka bourse.
The SME index, DSMEX, increased by 17.59 pts, and the market generated a Tk 29 crore turnover, a 65% increase from the previous session.
According to the Royal Capital Financial Portal, LHBL and SQUARPHARMA contributed the most to the gains and the losses of the DSEX index on the day, and the bear firmly takes over the market control at 10:45 P.M. and onwards.
In its daily market commentary, the EBL Securities said that despite the indices being somewhat upbeat at the opening thirty minutes of the session, the market succumbed to its prevailing downtrend that pushed the majority of scrips sliding into red territory for consecutive sessions.
Moreover, proposed tightening of regulations on margin loans by the capital market task force also induced further caution among market participants to remain watchful and stay on the sidelines.
The port city bourse, Chittagong Stock Exchange (CSE), also settled on red terrain. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) fell by 40.6 and 65.5 points, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"
Special CorrespondentDSEX, the key index of the Dhaka Stock Exchange (DSE), started the week on a dismal note, extending the downbeat vibe from the previous sessions as dominant selloffs remained prevalent across the market due to the wavering investor sentiment pervading the trading floor.On Sunday, the broad index of the Dhaka bourse declined by 34.1 […]<\/p>\n","protected":false},"author":6,"featured_media":26583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,110,93],"tags":[54],"class_list":["post-26582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bangladesh","category-economy-business","category-nationwide","tag-54"],"yoast_head":"\n