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Stock market: Trading ends on downtrend; index falls by 42.33 points

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The Dhaka Stock Exchange (DSE) concluded Wednesday's trading session with a decline, as share prices of 291 companies dropped amid selling pressure from small investors.

UNB

Publisted at 5:57 PM, Wed Dec 11th, 2024

The Dhaka Stock Exchange (DSE) concluded Wednesday's trading session with a decline, as share prices of 291 companies dropped amid selling pressure from small investors.

The benchmark DSE broad index, DSEX, fell by 42.33 points, closing at 5,124.49, down from 5,166.83 points in the previous session on Tuesday. The shariah-compliant DSES index dropped by 12.43 points to 1,142.10, while the DS30 blue-chip index decreased by 14.19 points, ending the day at 1,889.42.

Trading activity slowed considerably, with a total of 12.45 crore shares and units changing hands through 116,982 transactions—down from 16.32 crore shares in 131,043 transactions the previous day. The total trade value stood at Tk 304.2 crore, marking a Tk 80 crore decrease from Tuesday.

Market analysts attributed the downward trend to heightened selling pressure as small investors, worried about potential losses, rushed to offload their holdings.

Out of 399 issues traded on the DSE, 291 companies recorded declines, 50 advanced, and 58 remained unchanged.

The overall sentiment extended to the port city bourse, the Chittagong Stock Exchange (CSE), where the All Share Price Index (CASPI) dropped by 75.36 points, settling at 14,364.44.

On the CSE, 195 companies participated in trading. Among them, 40 saw price increases, 119 recorded declines, and 36 remained unchanged. A total of 22.79 lakh shares and units were traded through 1,555 transactions, with a total turnover of Tk 4.79 crore—significantly lower than Tuesday's Tk 6.97 crore.

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