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Stocks ended lower on Sunday, as cautious investors shied away from taking positions in equities considering the market’s waning momentum.
The prime index of the Dhaka Stock Exchange (DSE) decreased 7.55 points to settle at 5,185.
The capital market of the country started the week on a gloomy note amid lower market participation as cautious investors shy away from taking positions in equities considering the market’s waning momentum, according to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, saw a 5.20-point decrease to 1911.03, while the DSES Index, which represents Shariah-based companies, saw a 1.35-point decrease to 1,165.54 till the end.
Turnover, a crucial indicator of the market, stood at Tk 3.97 billion, down 16 per cent from the previous trading day.
Investors were active on both sides of the trading fence, causing the core index to follow a topsy-turvy movement, while sellers ended up in the dominant position due to their cautious selling approach pervading the volatile market. However, some recent beaten-down issues dominated the turnover board as opportunistic investors sought quick gain opportunities following the significant corrections, according to EBL Securities.
The majority of the stocks saw a price decrease, as out of the 395 issues traded, 148 closed higher, 175 ended lower, and 72 remained unchanged on the DSE trading floor.
NRB Bank PLC was the most-traded stock with shares worth Tk 180.13 million changing hands, followed by Emerald Oil Industries Ltd, Sea Pearl Beach Resort & Spa Limited, Genex Infosys PLC, and Bangladesh Shipping Corporation.
The Chittagong Stock Exchange (CSE) ended up with its All Share Price Index (CASPI) increasing 2.5 points to settle at 14453.5 and the Selective Categories Index (CSCX) decreasing 4.6 points to settle at 8812.
The port city bourse traded 2.4 million shares and mutual fund units with a turnover volume of Tk 58.5 million.