For all latest news, follow The Financial Express Google News channel.
Monday’s trading session ended with declines in key indices on both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE), despite a rise in overall market turnover.
The day started with a downward trend in the indices, which briefly showed some recovery during the first hour of trading before falling again by the close.
DSEX, the benchmark index of the DSE, dropped by 4 points, while the blue-chip index DS30 fell by 0.94 points. The Shariah-compliant DSES index also saw a decline, dropping by 0.61 points. Over the last two days, the DSEX has lost a total of 42 points.
Although the indices fell, market turnover saw a moderate increase. On Monday, shares and bonds worth Tk 3.97 billion (Tk 397 crore) were traded, marking a Tk 260 million (Tk 26 crore) rise from the previous session.
Out of the traded securities, most companies experienced a price drop. The prices of 247 companies decreased, 91 companies saw gains, and 62 remained unchanged, according to a UNB report.
CSE follows DSE’s trend
A similar pattern was observed on the Chittagong Stock Exchange, where the CASPI, the benchmark index, dropped by 38 points.
Out of 198 companies traded on the CSE, 118 saw their prices decline, 50 recorded gains and 30 remained unchanged. The total value of shares and bonds traded on the CSE was Tk 540.3 million (Tk 54.03 crore).
Market analysts attributed the index declines to profit-taking activities by investors and a cautious approach in response to ongoing market uncertainties.