Yesterday, the nation’s financial securities market registered yet another decrease, driven by ongoing sales pressure. The DSEX index sank by 38.7 points to 4,746, marking a fresh dip in the face of current economic instability and political upheaval.
Price degradation was experienced by a majority of stocks listed, as investor caution maintained its grip amidst continued market fluctuations. One critical measure of market momentum – turnover on the DSE – experienced a modest 10% increase, reaching Tk278 crore following last Thursday’s ten-month low.
An evaluation of the day’s stock activity shows that 271 scrips faced a reduction in price, 74 experienced gains, while 52 remained steady, as confirmed by figures released by the DSE.
Assessing the other market indicators, the DSES (Shariah index) fell by 9.66 points to stand at 1,037, and the DS30 (the blue-chip index) dipped by 23.80 points to settle at 1,753.
The bearish mood in the domestic capital market intensified, offering no visible reassurance for investors in the prolonged market slump. The benchmark index set a fresh record-low during the Saturday session, reflecting the growing pessimism.
The market presented a brief air of positivity during the early session, but ultimately, it retraced its consistent downswing. Underlying this were investors who, wary of the market’s future and preferring not to commit, remained on the backbenches as ongoing ambiguities continued to pervade the trading terrain.
Meanwhile, trading activity on the market was noticeably stagnant, with total DSE turnover landing at Tk278 crore – a low figure.
At the industry level, the bank sector contributed most significantly to the total turnover at 26.2%, followed by the Food and Textile sectors with turnovers of 10.0% and 9.7% respectively.
Atlas Bangladesh was the highest gaining stock, as its share value increased by 9.98% to Tk57.3 per unit. Following closely were Shinepukur Ceramics, with a rise of 9.90% to Tk23.3 per unit, and S Alam Cold Rolled Steels, which grew by 9.74% to Tk21.4 per unit.
The day concluded on a low note for four financial institutions – City Bank, Pubali Bank, Mutual Trust Bank, and Dutch-Bangla Bank – whose stock prices fell more than 10%. This was primarily the result of the adjustment procedure for the 2024 stock dividend.
Specifically, City Bank’s share price witnessed a decrease of 16.66%, landing at Tk19 per share. It was followed by Pubali Bank, which dropped 14.73% to Tk24.3 per share, Mutual Trust Bank decreasing 12.71% to Tk10.3 per share, and Dutch-Bangla Bank dropping by 10.56% to Tk38.1 per share.
The trading day also ended in a downward trend for the port city exchange, the CSE, which likewise failed to escape the overall market negativity.
The exchanges’ Selective Category Index (CSCX) and All Share Price Index (CASPI) also dipped, losing 54.1 points and 91.5 points respectively. This symbolized the broader market decline, exposing the persisting market challenges that demand prudent investor decision-making.
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