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Stocks closed lower on Monday amid persistent selling pressure and sluggish market momentum.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), decreased 16.18 points to settle at 5,220.67.
Bourses have cut 40 minutes of trading time during Ramadan as trading will take place from 10:00 am to 1.50 pm, including 10 minutes of post-closing sessions, during Ramadan instead of the regular trading time from 10:00 am to 2:30 pm.
According to Ebl Securities, the capital market experienced another lacklustre trading session. The benchmark index continued its correction phase for the fourth consecutive day amid persistent selling pressure and sluggish market momentum.
The blue-chip index DS30, comprising 30 leading companies, decreased by 5.16 points to 1,898.52, while the DSES Index, representing Shariah-compliant companies, decreased by 4.13 points to 1,162.42 by the close.
Investor sentiment remained cautious due to ongoing market volatility, keeping most market indices in the red as most stocks faced downward pressure, according to Ebl Securities.
Turnover, a crucial indicator of the market, stood at Tk 3.82 billion, down 9.53 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 396 issues traded, 98 closed higher, 230 ended lower, and 68 remained unchanged on the DSE trading floor.
Orion Infusion was the most-traded stock, with changing hands of shares worth Tk 336.40 million, followed by Fu Wang Food, H.R. Textile, Taufika Foods and Lovello Ice Cream, and Gemini Sea Food.
On the sectoral front, Pharma (17.6 per cent) issues exerted the highest turnover, followed by Textile (13.0 per cent) and Engineering (11.4 per cent) sectors. Sectors displayed mixed returns, out of which Paper (-1.8 per cent), IT (-1.4 per cent) and Mutual Fund (-1.0 per cent) exerted the most corrections, while Ceramic (0.9 per cent), Telecom (0.5 per cent) and Cement (0.1 per cent) exhibited marginal gains on the bourse today.
The Chittagong Stock Exchange (CSE) ended down with its All Share Price Index (CASPI) decreasing 22.82 points to settle at 14585 and the Selective Categories Index (CSCX) decreasing 7.97 points to settle at 8843.
The port city bourse traded 1.55 million shares and mutual fund units with a turnover volume of Tk 33.17 million.
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