The Dhaka Stock Exchange (DSE) ended Sunday's trading on a negative note, with the benchmark DSEX index dropping by 7.54 points to close at 5,197.58.
The downturn extended to other indices as well, with the Shariah-based DSES index falling by 1.35 points to 1,165.53, and the DS30 blue-chip index declining by 5.19 points to settle at 1,911.03.
The trading at the DSE ended with an up and down of the main index around the day. The benchmark DSEX index was down 5173.9 pints at 11.07 am after starting trading in 5194.94 points. The index was upward to 5202.57 at 1.13 pm again down to 5177.74 points. The broad index was settled at 5,197.58 losing 7.54 points compared with the previous working day.
This downturn was primarily driven by cautious investor sentiment and a waning market momentum.
Market participants were observed actively trading on both sides, but the prevailing cautious approach from sellers ultimately tilted the scales. Despite this, certain recently beaten-down stocks managed to attract opportunistic investors seeking quick gains.
The overall market turnover decreased by 16.1 percent to Tk400 crore. The Bank, Pharma, and Engineering sectors dominated the turnover board. While the Ceramic, Services, and IT sectors posted gains, General Insurance, Life Insurance, and Jute sectors experienced the most significant corrections.
Dhaka Stock Exchange sees downtrend: DSEX drops by 51.08 points
The day's turnover at the DSE stood at Tk 397.3 crore. A total of 16.70 crore shares and units changed hands through 141577 transactions, slightly lower in volume than Thursday's 17.64 crore shares but with higher transactions, which stood at 158999 the previous day.
Of the 397companies that traded on the DSE, 141 companies saw price increases, 170 companies registered losses, and 86 companies remained unchanged.
The Port City Stock Exchange (CSE) also closed on a mixed note, with the CSCX index edging down and the CASPI index rising.The CASPI index marginally increased by 0.01 points, closing at 14534.79 points.
On the CSE, 202 companies were traded. Of them, 95 companies recorded price gains, 84 companies saw declines, and 23 companies remained unchanged.
Stock market shows upward trend; Tk 183.4 crore traded in 2 hours
The CSE's turnover, however, rose to Tk 5.84 crore from Tk 5.6 crore on Thursday. A total of 23.72 lakh shares and units were traded through 2424 transactions, indicating slightly improved trading activity on the platform.