Business Report :
Stocks ended lower on Sunday as risk-averse investors continued reducing their exposure to capital market investments.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), declined by 23.99 points to settle at 5,482.79 on the day.
The downbeat vibe in the country’s capital bourse persists as risk-averse investors continued their minimal exposure to capital market investments, being apprehensive that a potential shift in market momentum could impede the market’s recovery after a recent sustained uptrend, according to EBL Securities.
The blue-chip index DS30, a group of 30 prominent companies, saw a 5.24-point decrease to 1937.11, while the DSES Index, which represents Shariah-based companies, witnessed an 4.83-point decrease to 1,202.70 till the end of the session.
Although investors remained active on both sides of the trading fence, sellers were dominant for the majority of Sunday’s session. Moreover, investors preferred to remain watchful and observant of the market’s trend ahead of the announcement of the upcoming monetary policy statement, EBL Securities added.
Turnover, one of the crucial indicators of the market, stood at Tk 6.22 billion, down 6.33 per cent from the previous trading day.
The majority of the stocks saw a price decline, as out of the 397 issues traded, 70 closed higher, 297 ended lower, and 30 remained unchanged on the DSE trading floor.
Taufika Foods and Lovello Ice-cream PLC was the most-traded stock with shares worth Tk 279.05 million changing hands, followed by Agni Systems, Beach Hatchery Ltd, Salvo Chemical Industry Limited and Sea Pearl Beach Resort & Spa Limited.
The Chittagong Stock Exchange (CSE) also ended lower with its All Share Price Index (CASPI) losing 96.54 points to settle at 15661 and the Selective Categories Index (CSCX) losing 59.48 points to close at 9426.