Thursday, 30 January, 2025
The Dhaka Stock Exchange, or DSE, has continued slipping for the third straight trading session with a sharp decline in trading volumes as investors fear a further political unrest situation, brokers said.
On Sunday, the first trading day of the week, the DSE benchmark index lost 34 points, falling from 5,166 to 5,132.
This marks a total decline of 70 points over the last three sessions.
The slide began early in the day, with the index steadily losing ground until the final minutes of trading when selling pressure pushed it to 5,132 points.
The index has slid to where it was on Jan 16, where the index was recorded at 5,133 points.
The 70-point drop over the past three days has wiped out the gains made during the preceding three sessions.
Sunday’s transaction volume stood at nearly Tk 3.18 billion, down from Tk 3.56 billion in the previous session, making it the lowest since Jan 20.
The fall in turnover coincides with the recent reconstitution of the DSEX, the DSE's main index, on Jan 19, which increased the number of listed companies from 253 to 326 after the addition of 73 new entities.
The adjustments initially led to an uptick in both trading and index levels, but the gains were erased in the past three days.
Despite the decline in the main market, the block market remained relatively stable.
Fifteen companies traded Tk 183.2 million in the black market.
Out of 403 companies and mutual funds traded, share prices rose for 75, declined for 261, and remained unchanged for 67.
The textile, pharmaceuticals, and banking sectors dominated trading, with the textile sector accounting for 17.44 per cent of the total turnover at Tk 555 million.
In terms of closing prices, Shahjibazar Power Company Limited, Far Chemical, and Sonargaon Textiles emerged as the top gainers.
On the other hand, Keya Cosmetics, Prime Finance First Mutual Fund, and Monno Ceramics recorded the highest losses.
Comments
The Dhaka Stock Exchange, or DSE, has continued slipping for the third straight trading session with a sharp decline in trading volumes as investors fear a further political unrest situation, brokers said.
On Sunday, the first trading day of the week, the DSE benchmark index lost 34 points, falling from 5,166 to 5,132.
This marks a total decline of 70 points over the last three sessions.
The slide began early in the day, with the index steadily losing ground until the final minutes of trading when selling pressure pushed it to 5,132 points.
The index has slid to where it was on Jan 16, where the index was recorded at 5,133 points.
The 70-point drop over the past three days has wiped out the gains made during the preceding three sessions.
Sunday’s transaction volume stood at nearly Tk 3.18 billion, down from Tk 3.56 billion in the previous session, making it the lowest since Jan 20.
The fall in turnover coincides with the recent reconstitution of the DSEX, the DSE's main index, on Jan 19, which increased the number of listed companies from 253 to 326 after the addition of 73 new entities.
The adjustments initially led to an uptick in both trading and index levels, but the gains were erased in the past three days.
Despite the decline in the main market, the block market remained relatively stable.
Fifteen companies traded Tk 183.2 million in the black market.
Out of 403 companies and mutual funds traded, share prices rose for 75, declined for 261, and remained unchanged for 67.
The textile, pharmaceuticals, and banking sectors dominated trading, with the textile sector accounting for 17.44 per cent of the total turnover at Tk 555 million.
In terms of closing prices, Shahjibazar Power Company Limited, Far Chemical, and Sonargaon Textiles emerged as the top gainers.
On the other hand, Keya Cosmetics, Prime Finance First Mutual Fund, and Monno Ceramics recorded the highest losses.
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