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Stocks ended slightly lower on Wednesday as risk-averse investors opted to book short-term profits.
DSEX, the prime index of the Dhaka Stock Exchange, fell by 17.93 points, to settle at 5,347 on the day.
The benchmark index of the capital bourse experienced a moderate correction today as risk-averse investors preferred to book short-term profits amid persisting uncertainties surrounding the upcoming quarterly earnings announcements, according to EBL Securities.
The blue-chip DS30 index, a group of 30 prominent companies, decreased by 0.01 points, settling at 1,967.75. Meanwhile, the DSES index, which represents Shariah-compliant companies, fell by 1 point to 1,192.57.
Turnover, a crucial indicator of the market, stood at Tk 6.51 billion, marking a 22.45 per cent drop from the previous trading session.
The market observed a see-saw trading session today as buyers and sellers remained active on both sides of the trading fence to grab the realm of the market momentum and ultimately sellers emerged as the dominant side, leading the market to settle in the negative territory after witnessing gains for two consecutive sessions, added EBL Securities.
Of the 399 issues traded, most stocks ended lower, with 85 advancing, 281 declining, and 33 remaining unchanged on the DSE trading floor.
Orion Pharma Ltd was the most-traded stock, with Tk 255 million worth of shares changing hands, followed by Bangladesh Shipping Corporation, Islami Bank Bangladesh, Padma Oil, and Far East Knitting & Dyeing Industries Limited.
On the Chittagong Stock Exchange (CSE), the All Share Price Index (CASPI) edged up by 2.7 points, to close at 14,879. However, the Selective Categories Index (CSCX) lost 8.65 points, to settle at 9,046.
The port city bourse traded 2.37 million shares and mutual fund units with a turnover volume of Tk 52.13 million.