Country's both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Wednesday plunged due to mainly price fall in large-cap securities, reports BSS.
DSEX, the broad index of the Dhaka Stock Exchange, declined further by 26.3 points to settle at a 4-month low of 5,106 points, as against 5,132 points in the previous trading session.
Market analysts observed that the market mostly remained sell dominant as cautious investors adopted a watchful stance to closely monitor the market's trend.
They mentioned that persistent uncertainties surrounding the potential impact of US tariffs, ongoing negotiations with the IMF over remaining loan tranches, feared tax hikes in current pre-budget discussions and the recent fuel price hike continue to weigh on the market’s momentum, dragging most scrips into the negative territory for consecutive sessions.
Meanwhile, market turnover declined by 11.1% to Taka 4.0 billion as against Taka 4.5 billion in the previous session.
On the sectoral front, Pharma (15.9%) issues exerted the highest turnover, followed by Food (9.8%) and Bank (8.9%) sectors. Sectors mostly displayed dismal returns, out of which Mutual Fund (-2.6%), Services (-2.0%) and Cement (-1.4%) exerted the most corrections on the bourse today, while General Insurance (0.9%), Textile (0.6%) and Fuel (0.6%) exhibited marginal returns.
Out of the 397 issues traded, 119 advanced, 210 declined and 68 remained unchanged.
The port city bourse, CSE, also settled on red terrain. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) fell by 26.3 and 48.0 points, respectively.
Bd-pratidin English/Tanvir Raihan
