Stick Market
Stock market ends week in a slump amid selling pressure
The Dhaka Stock Exchange (DSE) closed Thursday's trading session on a downtrend, driven by heavy selling pressure and heightened market volatility.
The DSE's broad index, DSEX, dropped by 41.54 points, settling at 5,196.82 points, down from the previous session's 5,238.37 points. The Shariah-based DSES index also declined, losing 8.29 points to close at 1,163.96 points, while the DS30 blue-chip index fell by 15.96 points, ending at 1,911.92 points.
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Analysts attributed the cautious investor behavior, as many opted to cash in on recent gains. Additionally, regulatory fines imposed for stock manipulation exacerbated market anxiety, further dampening investor confidence.
Turnover at the DSE also fell significantly, decreasing by 29.7% to Tk 335.1 crore, compared to the previous session’s Tk 476.5 crore. The volume of shares and units traded dropped to 14.11 crore through 121,527 transactions, down from Wednesday’s 21.83 crore shares and 152,114 transactions.
Out of the 388 issues traded, 42 advanced, 308 declined, and 38 remained unchanged.
The port city bourse, Chittagong Stock Exchange (CSE), also ended the day on a downward trajectory. The All Share Price Index (CASPI) dropped by 64.01 points, settling at 14,581.10 points.
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On the CSE, 195 companies participated in trading, with 39 gaining, 125 declining, and 29 remaining unchanged. The total number of shares and units traded stood at 19.54 lakh through 1,463 transactions, with a trading value of Tk 3.84 crore, down from the previous day’s Tk 4.97 crore.
2 weeks ago