Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks ended lower on Wednesday as jittery investors dumped their holdings to avoid further erosion of their portfolios.
The prime index of the Dhaka Stock Exchange (DSE) decreased by 49.75 points, settling at 5,316.21.
The blue-chip index, DS30, a group of 30 prominent companies, saw a decrease of 15.75 points to 1,948, while the DSES Index, which represents Shariah-based companies, fell by 12.48 points to 1,182.88 by the end of the day.
Turnover, a crucial indicator of market activity, stood at Tk 2.96 billion, down 6.83 per cent from the previous trading day.
This marked the lowest transaction volume in 2.5 months; the last time was on August 4, when the turnover was Tk 2.08 billion.
The majority of stocks experienced price declines, with 395 issues traded: 53 closed higher, 300 ended lower, and 42 remained unchanged on the DSE trading floor.
Taufika Foods and Lovello Ice Cream were the most-traded stocks, with shares worth Tk 188.94 million changing hands, followed by Agni Systems, Techno Drugs Ltd., NRB Bank, and Grameenphone.
The Chittagong Stock Exchange (CSE) also closed lower, with its All Share Price Index (CASPI) losing 75 points to settle at 14,972, while the Selective Categories Index (CSCX) dropped by 43.5 points to 9,100.
The port city bourse traded 6.1 million shares and mutual fund units, with a turnover volume of Tk 79.6 million.