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Stocks closed slightly lower on Monday as investors, wary of the ongoing volatility, maintained their sell dominance.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), fell by 3.15 points to end the day at 5,775.49.
Despite a modestly positive start, the index struggled to maintain momentum and remained in negative territory throughout the session due to cautious investor sentiment and unstable market conditions, according to EBL Securities.
The DS30 index, a group of 30 prominent companies, dropped by 5.47 points to 2,121.14, while the DSES index, which represents Shariah-compliant companies, rose by 5.96 points to 1,246.15.
Investor sentiment remained guarded, leading many to reduce their holdings in certain trending stocks due to the prevailing market volatility. This trend resulted in the broad index closing in negative territory for the third consecutive session, EBL Securities noted.
Turnover, a crucial indicator of the market, stood at Tk 8.07 billion, up 68 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 396 issues traded, 119 closed higher, 247 ended lower, and 30 remained unchanged on the DSE trading floor.
Grameenphone Ltd emerged as the most-traded stock with shares worth Tk 811.44 million changing hands, followed by BRAC Bank PLC, Olympic Industries Ltd, Orion Pharma and JMI Hospital Requisite.
The Chittagong Stock Exchange (CSE) also closed lower, with its All Share Price Index (CASPI) losing 99.23 points to settle at 16,616 and the Selective Categories Index (CSCX) losing 59 points to settle at 10006.
The port city bourse traded 3.7 million shares and mutual fund units with a turnover volume of Tk 86.3 million.