DSE extends losses as turnover declines further

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DSE extends losses as turnover declines further

Bangladesh’s stock market closed lower on Wednesday, with the benchmark indices of the Dhaka Stock Exchange (DSE) declining amid broad-based selling pressure. Trading activity also weakened further compared with the previous session.

Market data showed that most shares and mutual fund units advanced in early trading, pushing the indices into positive territory. However, selling pressure intensified after around 11:30 a.m., with an increasing number of stocks moving into negative territory, dragging the market lower for the remainder of the session.

At the close, 393 securities were traded on the DSE. Of these, 145 advanced, 192 declined, and 56 remained unchanged.

The benchmark DSEX index fell 11 points to close at 5,770. The DS30 index, which tracks 30 leading companies, lost 13 points to settle at 2,169. In contrast, the DSES Shariah Index gained 2 points to end at 1,187.

Turnover on the DSE dropped to Tk 1,156.11 crore, down from Tk 1,388.03 crore in the previous trading session, marking a decline of Tk 231.92 crore in a single day.

Meanwhile, trading on the Chittagong Stock Exchange (CSE) was also subdued. A total of 246 securities were traded, with 104 gaining, 103 losing, and 39 remaining unchanged.

The CSE’s benchmark CASPI index fell 61 points to 15,472, while turnover declined to Tk 26.89 crore, compared with Tk 30.79 crore in the previous session.

 

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