Dhaka: Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – today plunged due to mainly price fall in large-cap securities. DSEX, the broad index of the Dhaka Stock Exchange, declined by 5.7 points to settle at 5,202 points, as against 5,207 points in the previous trading session.
According to Bangladesh Sangbad Sangstha, the market observed a brief upbeat vibe till the mid-session, while investors’ subsequent cautious selling approach eroded all the early gains. Moreover, modest price corrections in particular large-cap scrips, particularly the Bank stocks following the recent gains contributed significantly to the index’s decline. Meanwhile, market turnover slightly increased by 3.0 percent to Taka 5.0 billion as against Taka 4.8 billion in the previous session.
On the sectoral front, Pharma issues exerted the highest turnover at 16.2%, followed by Engineering at 15.1% and Textile at 12.4%. Sectors mostly displayed mixed returns, with Paper, Mutual Fund, and Cement exerting the most corrections on the bourse today, at -2.3%, -1.2%, and -0.9% respectively, while Financial Institution, Services, and IT exhibited the most positive returns at 2.8%, 1.4%, and 1.1% respectively. Out of the 397 issues traded, 137 advanced, 196 declined, and 64 remained unchanged.
The port city bourse, CSE, also settled on red terrain. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) declined by 1.3 and 8.0 points, respectively.