Photo: Collected
The Dhaka Stock Exchange (DSE) turnover exceeded the Tk 500 crore mark after nine days on Tuesday as the participation of investors saw an upward trend after the long vacation of Eid-ul-Fitr and Pahela Baishakh.
At the end of the session, the turnover value reached Tk 540 crore, registering a significant growth of 47 per cent from the previous session.
However, the benchmark index of the DSE fell for the second consecutive session due to aggressive selling pressure caused by uncertainty over the ongoing crisis between Iran and Israel.
On Tuesday, the DSE key index, DSEX, fell by 4 points to close at 5,774, whereas the blue-chip index DS30 declined by 2 points to 2,012. Among the traded scrips, 173 advanced, 169 declined, and 55 remained unchanged.
The Chittagong Stock Exchange (CSE) also settled on red terrain. The selected indices, CSCX, and all-share price index, CASPI, fell by 0.01 and 5 points to settle at 9,945 and 16,538 respectively.
The turnover at the CSE also surged by 13 per cent to Tk 9.88 crore against the previous session.
EBL Securities said in its daily market review the capital bourse of the country observed a volatile session since cautious investors remained wary of the market's momentum, while the core index managed to end on a flat note as investors remained active on both sides of the trading fence.
The overall market sentiment has yet to rebound due to a lack of significant catalysts to counter the prevailing pessimism pervading across the trading floor, it added.
Large-cap stocks including Square Pharma, Grameenphone, Eastern Bank and National Bank played a pivotal role in dragging down the DSE index, the EBL Securities report noted.
Most of the sectors displayed mixed returns, out of which paper, IT and telecom exerted the most corrections, while mutual funds, travel and ceramic exhibited slight positive returns.
Mutual funds dominated the top ten gainers chart, with eight funds securing positions on the table.
Central Insurance experienced the most significant decline on Tuesday, with its share price dropping by over 4 per cent. It was closely followed by Premier Leasing, Global Heavy Chemical and Deshbandhu Polymer.
Messenger/Disha
