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Stocks ended on a negative note on Wednesday, as investors were largely reluctant to make fresh investments amid a lack of strong positive catalysts to revive confidence.
The prime index of the Dhaka Stock Exchange (DSE) decreased 8.35 points to settle at 5,142.52.
The market has been passing through a bearish sentiment for a long time, while the latest increase in value added tax (VAT) on certain goods triggered further caution over the market’s momentum.
Moreover, the prime bourse downgraded three more companies – Union Bank, Sea Pearl Beach Resorts, and Sonali Life Insurance—to the Z category, effective from this very day.
The blue-chip index, DS30, comprising 30 leading companies, decreased 6.11 points to 1,898.31, while the DSES Index, representing Shariah-compliant companies, dropped by 1.02 points to 1,157.32.
Turnover, a crucial indicator of the market, stood at Tk 4.07 billion, up 15.85 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 396 issues traded, 145 closed higher, 182 ended lower, and 69 remained unchanged on the DSE trading floor.
Monno Fabrics was the most-traded stock with shares worth Tk 148.18 million changing hands, followed by Khan Brothers PP Woven Bag, Asiatic Laboratories, Orion Infusion, and Bangladesh Shipping Corporation.
The Chittagong Stock Exchange (CSE) ended mixed with its All Share Price Index (CASPI) increasing 4.9 points to settle at 14390 and the Selective Categories Index (CSCX) decreasing 5.7 points to settle at 8751.
The port city bourse witnessed a trading volume of 3.1 million shares and mutual fund units with a turnover volume of Tk 94 million.
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