DSE turnover hits five-month low as investor caution lingers

The Dhaka Stock Exchange (DSE) closed marginally lower on Tuesday as investor caution persisted amid a sluggish market outlook.

DSEX, the prime index of DSE, slipped by 1.47 points to settle at 5,169.32 on the day, extending the market's declining momentum.

The country's premier bourse experienced another subdued session, with the benchmark index unable to sustain gains, further extending the market's declining momentum. Cautious investors remained hesitant to take positions in equities amid ongoing uncertainties about the market's outlook, according to EBL Securities.

The blue-chip index, DS30, gained 0.91 points to close at 1,923.02, while the Shariah-based DSES index rose 2.78 points to finish at 1,158.69.

Although the indices being a bit positive at the opening thirty minutes of the session, the market succumbed to its prevailing downtrend that pushed the majority of scrips sliding into red territory for consecutive sessions, EBL Securities added.

Turnover on the DSE fell to a five-month low on Tuesday, standing at Tk 2.76 billion, a 9.07 per cent decrease from the previous session. The last time turnover was lower was on August 4, 2024, when it totalled Tk 2.08 billion.

The majority of the stocks saw a price decrease, as out of the 395 issues traded, 150 closed higher, 159 ended lower, and 86 remained unchanged on the DSE trading floor.

Orion Infusion was the most-traded stock, with shares worth Tk 186.79 million changing hands, followed by Robi Axiata, Oimex Electrode, Bangladesh Shipping Corporation, and Taufika Foods and Lovello Ice-cream.

Meanwhile, the Chittagong Stock Exchange (CSE) ended the day with gains. The CASPI, the port city's all-share price index, rose 34.60 points to close at 14,489. The CSCX, the selective categories index, gained 15.87 points to settle at 8,825.

The CSE traded 30.97 million shares and mutual fund units, with a turnover volume of Tk 1.39 billion.

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