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. The DSEX, the broad index of the DSE, shed 4.1 points to settle further lower at 5,022 points, as against 5,027 points in the previous trading session.
According to Bangladesh Sangbad Sangstha, market analysts observed that despite the market indices somewhat managing to remain afloat for the majority of today’s session, the momentum failed to sustain as shaky investor confidence and the prolonged downtrend dragged down the indices again. Meanwhile, trading activities remained stagnant with total turnover in DSE falling to around a 4-month low of Taka 3.0 billion as against Taka 3.4 billion in the previous session.
On the sectoral front, Bank issues exerted the highest turnover at 14.3%, followed by Fuel and Power at 11.5% and Engineering at 10.4%. Sectors mostly displayed dismal returns, with Paper, IT, and Mutual Fund exerting the most corrections at -2.5%, -2.1%, and -1.9% respectively, while Fuel and Power, Telecom, and Financial Institution exhibited slight positive returns at 1.0%, 0.5%, and 0.4%.
Out of the 397 issues traded, 118 advanced, 213 declined, and 66 remained unchanged. The port city bourse, CSE, also settled on red terrain with the Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) falling by 33.1 and 54.0 points, respectively.