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Stocks closed lower on Monday as investors remained hesitant about the market's momentum.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), fell by 25.62 points on the day to close at 5,170.79.
The DSEX main index of the Dhaka bourse extended its losing streak for two consecutive sessions amid slow-moving market participation, as investors remained cautious of the market momentum amid wavering confidence across the trading floor, according to EBL Securities.
The blue-chip index DS30, comprising 30 leading companies, dropped by 13.07 points to settle at 1,922.11, while the DSES, representing Shariah-compliant companies, declined by 6.25 points to 1,155.90 by the session's end.
The indices remained subdued for the greater part of today’s session as sellers continued their supremacy since they clung to a depressing market outlook considering the current volatile state, EBL Securities added.
Turnover, a key indicator of market activity, was recorded at Tk 3.03 billion, marking a 3.08 per cent decline compared to the previous session.
Of the 396 issues traded on the DSE, 99 advanced, 216 declined, and 81 remained unchanged.
Orion Infusion was the most-traded stock with shares worth Tk 205.81 million changing hands, followed by Bangladesh Shipping Corporation, Fine Foods, Jamuna Oil Company, and Robi Axiata.
Meanwhile, the Chittagong Stock Exchange (CSE) also closed lower on Monday. The All Share Price Index (CASPI) dropped by 13.42 points to finish at 14,454.6, and the Selective Categories Index (CSCX) lost 9.25 points, settling at 8,809.6.
The port city bourse traded 33.97 million shares and mutual fund units with a turnover volume of Tk 1.24 billion.