Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks ended lower on Sunday as cautious investors chose to liquidate their holdings due to concerns over a probable shift in market momentum.
The prime index of the Dhaka Stock Exchange (DSE) decreased 125.19 points to settle at 5,778.64.
The decline was driven by heavy selling pressure on major stocks, as investors worried about a lack of leadership within the stock market regulator, according to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, saw a 52.73-point decrease to 2126.61, while the DSES Index, which represents Shariah-based companies, saw a 24.54-point decrease to 1,240.19.
The market remained sale-dominant throughout the session as investors opted to escape further losses in their portfolio amidst prevailing volatility and shied away from taking fresh positions in equities amidst uncertainties regarding the market’s trend, EBL Securities added.
Turnover, a crucial indicator of the market, stood at Tk 4.81 billion, down 52 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 398 issues traded, 18 closed higher, 366 ended lower, and 14 remained unchanged on the DSE trading floor.
Grameenphone Ltd was the most-traded stock with shares worth Tk 492.63 million changing hands, followed by BRAC Bank PLC, British American Tobacco Bangladesh, Square Pharmaceuticals PLC and Olympic Industries Ltd.
The Chittagong Stock Exchange (CSE) also ended lower with its All Share Price Index (CASPI) losing 316 points to settle at 16715 and the Selective Categories Index (CSCX) losing 194 points to settle at 10065.
The port city bourse traded 2.3 million shares and mutual fund units with a turnover volume of Tk 76 million.