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Stocks closed lower on Thursday as cautious investors opted to realise their recent gains.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) fell by 41.54 points, settling at 5,196.82.
The market pulse shifted to an intense downbeat vibe in the final session of the week, with the majority of scrips sliding into red territory as cautious investors preferred to realize their recent gains, while anxiety over the latest regulatory fines for stock manipulation shook the already volatile market, according to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, dropped by 15.96 points to close at 1,911.92, while the DSES Index, representing Shariah-compliant companies, declined by 8.28 points to finish at 1,163.97.
Turnover, a key market indicator, stood at Tk 3.35 billion, marking a 30 per cent decline from the previous trading day.
The indices remained subdued for the majority of today’s session since cautious investors preferred to reduce their capital market exposure as they clung to a bleak market momentum, EBL Securities added.
Of the 388 issues traded, 42 advanced, 308 declined, and 38 remained unchanged on the DSE trading floor.
Orion Infusion Ltd was the most-traded stock, with shares worth Tk 142.63 million changing hands, followed by Dragon Sweater and Spinning Limited, NRB Bank PLC, Agni Systems Ltd, and Rangpur Dairy & Food Products Ltd.
Meanwhile, the Chittagong Stock Exchange (CSE) also ended lower, with its All Share Price Index (CASPI) shedding 64 points to settle at 14,581, and the Selective Categories Index (CSCX) dropping by 42.3 points to close at 8,871.
The port city bourse saw a trading volume of 1.95 million shares and mutual fund units, with a turnover of Tk 38.49 million.