Stock Markets Extend Slump as Major Indices End Lower in Dhaka
Most shares and units saw a decline in prices, dragging down all major indices. However, despite the downturn in share values, the overall turnover saw a slight increase compared to the previous day, driven by active trading of large-cap stocks in the latter half of the day.
Market Performance Analysis The market opened on a positive note with strong buy orders during the first 90 minutes. However, the momentum shifted after 11:30 AM as selling pressure intensified. By 12:10 PM, two-thirds of the listed institutions had joined the losers' list.
By the end of the session, the DSE statistics were as follows:
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Total Issues Traded: 389
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Advancers: 120
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Decliners: 207
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Unchanged: 62
Key Indices and Turnover The benchmark index, DSEX, shed 15 points to close at 5,232. Similarly, the DS-30 index, which comprises blue-chip companies, dropped by 10 points to end at 1,980.
Despite the index fall, the total turnover at DSE stood at 824.76 crore BDT, which is 5.56 crore BDT higher than the previous working day.
Chittagong Stock Exchange (CSE) Trends A similar pattern was observed at the Chittagong Stock Exchange (CSE), where the overall index, CASPI, fell by 28 points to settle at 14,724. The total turnover at the CSE was recorded at 34.15 crore BDT.
Market analysts attribute this cautious behavior among investors to local inflationary pressures and the ongoing volatility in international markets, particularly within major global economies and NATO-member states.