Dhaka Stock Exchange (DSE), the main stock market of the country, started trading with a significant downturn today (19 March).
The DSEX, Dhaka's primary stock market index, plunged by more than 50 points within the initial 30 minutes of trading, resulting in a turnover of Tk149 crore within the first hour.
Market analysis indicates that the majority of traded stocks experienced a decline during the initial trading hour today, with only a slight increase observed in the prices of over 50 companies. Consequently, the market index faced a notable downturn.
Insiders from brokerage houses suggest that investors are exhibiting considerable apprehension, leading to the selling off of shares from many reputable companies, thereby contributing to the downward trend in prices.
Concerns among investors intensified recently following the Dhaka stock market's main index dipping below the 6,000 mark. This apprehension has led to instances of forced selling in the market. Yesterday, the DSEX fell below 5,900 points, further exacerbating investor anxieties.
Today, the telecommunications sector company Robi Axiata has notably influenced the decline in the stock market index. The floor price for shares of this company was lifted today, resulting in a 10% decline in share prices. Shares of the company, valued at Tk30, dropped to Tk27 at the onset of today's trading.
Leading sectors in today's trading included pharmaceuticals, chemicals, engineering, ceramics, financial institutions, food, and travel.
At the close of Monday's trading session, all three indices of the Dhaka Stock Exchange (DSE) registered declines. The main index, DSEX, dropped by 69.8 points to 5,898 points, while DSES decreased by 13.55 points to 1,286 points. Additionally, the DS 30 index decreased by nearly 9 points to 2,42 points.
Trading volume in DSE on Thursday amounted to approximately Tk486.67 crore.
