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Stocks ended lower on Monday, as jittery investors opted to sell off their holdings to avoid further capital erosion in their already hampered portfolio.
The prime index of the Dhaka Stock Exchange (DSE) fell 65.67 points to settle at 5,106.
On Sunday, DSEX lost 66 points after the declaration of the FY25 proposed budget for FY25 while DSE lost more than 2.5 per cent in two trading days.
The blue-chip index DS30, a group of 30 prominent companies, saw a more than 23.67 points decline to 1811.79 while the DSES Index, which represents Shariah-based companies, fell 17.17 points to 1,103.66 till the end.
Turnover, a crucial indicator of the market, stood at Tk 3.19 billion at the end of trading which was 10.93 per cent lower than earlier trading days.
The relentless bearish spell on the country's capital bourse continues amid lower market participation, resulting from the enduring pessimism pervading the trading floor due to dampened investor sentiment amidst an uncertain market outlook, says EBL securities.
The majority of the stocks saw a price surge, as out of the 391 issues traded, 26 closed higher, 342 ended lower and 23 remained unchanged on the DSE trading floor.
Orion Pharma Ltd, the most-traded stock with shares worth Tk 152.26 million changing hands, followed by Taufika Foods, Lovello Ice-cream PLC, Central Pharmaceuticals Limited, Asiatic Laboratories Limited, and Fortune Shoes Limited.
The Chittagong Stock Exchange (CSE) ended higher with its All Share Price Index (CASPI) losing 162.36 points to settle at 14678 and the Selective Categories Index (CSCX) gaining 96.19 points to 8828.
The port city bourse traded 2.58 million shares and mutual fund units with a turnover volume of Tk 235.43 million.