The country's stock market continued its downward trajectory for the second consecutive day this week, with a majority of listed companies on the Dhaka Stock Exchange (DSE) witnessing a decline in share and unit prices.
Alongside the falling indices, trading volume also shrank compared to the previous session.
A similar trend was observed at the Chittagong Stock Exchange (CSE), where the prices of most listed securities dipped, leading to a decline in its overall index.
However, unlike the DSE, CSE recorded a slight increase in trading activity.
On Tuesday, despite a broad decline in share and unit prices, both exchanges saw an uptick in trading volume, with the DSE registering its highest turnover in over three and a half months.
However, this momentum faltered the following day as market activity slowed.
As trading progressed, the pace of the market downturn intensified.
By the end of the session, 103 securities on the DSE recorded price gains, while 228 saw declines and 67 remained unchanged.
As a result, the DSE’s benchmark index, DSEX, dropped by 10 points to settle at 5,192.
The DSE Shariah Index (DSES) fell by 2 points to 1,157, while the blue-chip DS30 index, comprising 30 leading companies, declined by 9 points to close at 1,913.
Alongside the declining indices, turnover at the DSE also weakened, with total trading volume amounting to Tk427.13 crore, down from Tk599.37 crore in the previous session.
This marks a reduction of Tk172.24 crore in daily transactions.
Midland Bank emerged as the most traded stock, with shares worth Tk22.84 crore changing hands.
It was followed by Lavello Ice Cream, which saw transactions worth Tk14.31 crore, and Orion Infusion, ranking third with Tk12.42 crore in trade.
Meanwhile, at the CSE, the CASPI index dropped by 61 points.
Out of 182 traded securities, 53 advanced, 108 declined, and 21 remained unchanged.
The total turnover at the CSE stood at Tk6.03 crore, slightly higher than the previous session’s Tk5.99 crore.
