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Stocks ended lower on Thursday as risk-averse investors continued their sell-off.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), fell by 10.42 points to close the day at 5,728.65.
The prime bourse of the country observed another see-saw trading activity due to investors’ continued cautious selling approach that led the market to extend its downtrend for four consecutive sessions, EBL Securities said.
The blue-chip index DS30, a group of 30 prominent companies, saw a 1.11-point increase to 2114.36, while the DSES Index, which represents Shariah-based companies, saw a 0.95-point increase to 1,228.81 till the end.
Market volatility persisted throughout the session as sellers continued their dominance, while opportunistic investors preferred to observe the market’s trend and sit on cash to look for lucrative investment opportunities following the corrections. Moreover, investors are being cautious ahead of the upcoming corporate earnings declarations and seeking quick gain opportunities, added EBL Securities.
Turnover, a crucial indicator of the market, stood at Tk 6.75 billion, up 13.7 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 395 issues traded, 98 closed higher, 250 ended lower, and 47 remained unchanged on the DSE trading floor.
Linde Bangladesh Limited was the most-traded stock with shares worth Tk 1.02 billion changing hands, followed by Olympic Industries Ltd, The IBN SINA Pharmaceutical, NRB Bank Limited and IFIC Bank PLC.
The Chittagong Stock Exchange (CSE) also experienced a decline, with its All Share Price Index (CASPI) falling by 59.51 points to 16,379, and the Selective Categories Index (CSCX) dropping 32.8 points to 9,876.
The port city bourse traded 2.86 million shares and mutual fund units with a turnover volume of Tk 78.58 million.