Stocks falls as Broad-Based selling pressure weighs on market

Date:

Post View:

Stocks falls as Broad-Based selling pressure weighs on market

B Mirror Report: The benchmark index of the Dhaka Stock Exchange (DSE) today resumed its downward trend as widespread selling pressure dominated trading activities, with banking shares acting as a key drag amid post–record date adjustments.

The DSEX, the prime index of the Dhaka bourse, fell by 10.6 points to close at 5,267 points, down from 5,278 points in the previous session.

Although the market showed relative stability during the mid-session, momentum weakened in the final hour of trading as intensified selling pressure erased earlier gains, pushing the indices into negative territory at the close.

Overall market turnover also declined by 5.1 percent, reaching Taka 8.3 billion, compared to Taka 8.8 billion in the previous session, reflecting subdued investor participation.

On the sectoral front, pharmaceuticals led turnover with a 15.9 percent share, followed by banking at 13.8 percent and engineering at 12.4 percent.

Sector-wise performance remained mixed. Life insurance declined by 1.3 percent, tannery by 1.0 percent, and services by 0.9 percent. In contrast, ceramic rose by 2.8 percent, paper by 1.5 percent, and pharmaceuticals by 0.7 percent.

Out of 396 traded issues, 102 advanced, 226 declined, and 68 remained unchanged.

Meanwhile, the Chattogram Stock Exchange (CSE) also closed lower.

The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) fell by 16.9 points and 31.9 points respectively.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_img

Popular

More like this
Related

Leather traders to get loans before Eid without clearing dues

B Mirror Report: Bangladesh Bank (BB) has instructed all scheduled...

IFIC Bank Inaugurates ATM Booth at Nikunja, Dhaka

With the aim of providing customers with easier, faster...

Meghna Bank donates wheelchairs to Bangladesh Railway

Recently, Meghna Bank PLC. handed over wheelchairs to Bangladesh...

LGED hosts workshop on climate-resilient building materials

An inception workshop on the “Assessment of Best Practices...