DSE Slides Sharply Again as Most Shares Decline; CSE Posts Gains

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DSE Slides Sharply Again as Most Shares Decline; CSE Posts Gains

The country’s primary stock market, the Dhaka Stock Exchange (DSE), saw another significant decline on Tuesday, December 23, the third trading day of the week, after five straight trading days of declines and one day of gains.

On the day, the number of securities that declined was nearly three times higher than those that gained. As a result, the exchange’s main index and the Shariah index both fell. However, the selective shares index rose, and overall turnover at the DSE increased slightly.

Despite the sharp fall at the DSE, the country’s other stock market, the Chattogram Stock Exchange (CSE), saw price increases in most securities, with all indices posting gains. Overall trading activity at the CSE also picked up.

Market analysis shows that shares and units of a total of 389 companies were traded on the DSE on Tuesday. Of the participating companies, prices rose for 84, while prices fell for 242. The number of declining securities was 2.88 times higher than the number of gainers. Prices of 63 securities remained unchanged at the end of the day.

Due to the decline in most securities, the DSE’s main index, DSEX, fell by 14 points to 4,861. Among other indices, the Shariah index (DSES) dropped by 4 points to 1,003, while the DS-30 index rose by 2 points to stand at 1,873.

Total turnover at the DSE amounted to Tk 407.41 crore worth of shares and units on the day. On the previous day, turnover stood at Tk 395.95 crore. This means trading at the exchange increased by Tk 11.46 crore within a day.

At the Chattogram Stock Exchange, all indices rose on Tuesday. The overall index, CASPI, increased by 12 points to reach 13,621, while the main index, CSCX, also gained 12 points to stand at 8,402.

A total of 172 securities were traded at the CSE on Tuesday. Of these, prices rose for 68, fell for 76, and remained unchanged for 28.

Total turnover at the CSE stood at Tk 16.43 crore on the day, compared to Tk 15.39 crore worth of shares and units traded the previous day.

 

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