Dhaka, Mar 03 (V7N) –The benchmark DSEX index of the Dhaka Stock Exchange (DSE) dropped today (3 March), continuing its downward trend for the fourth consecutive session as investors kept away from pouring funds.
On the day, the DSEX fell by 16 points, or 0.30%, closing at 5,220. The blue-chip index DS30 also slipped by 5 points to settle at 1,898.
Market activity showed a mixed trend, with 98 stocks advancing, 230 declining, and 68 remaining unchanged. Daily turnover dropped by 10% to Tk381 crore compared to the previous session, reflecting weaker investor participation.
According to the EBL Securities' daily market review, notable stocks such as BAT Bangladesh, Beacon Pharma, National Bank, BSRM Limited and Islami Bank were the primary contributors to the DSEX's decline.
In its market commentary, EBL Securities stated that the capital bourse observed another subdued trading session, with the benchmark index extending its correction mode for four consecutive sessions amid the prevailing sell dominance and weakened market momentum.
Market indices mostly remained downbeat as investors continued their cautious stance due to the market's prevailing volatility, causing the majority of scrips to slide into red territory, it added.
Over the last four sessions, the DSEX lost 47 points, while the market dropped by around Tk9,500 crore.
On the sectoral front, pharmaceuticals led the way, contributing 17.6% to the DSE's total turnover, followed by textiles at 13% and engineering at 11.4%.
In terms of individual performance, Orion Infusion topped the turnover chart, with shares worth Tk33.64 crore traded, followed by Fu Wang Food at Tk7.10 crore and HR Textile at Tk6.16 crore.
Sectors showed mixed returns, with ceramic leading with a 0.9% gain, followed by telecom at 0.5% and cement at 0.1%. However, investors saw losses in the paper, which declined by 1.8%, as well as in the IT and mutual funds.
Struggling Shinepukur Ceramics topped the gainers' chart as its share price surged by 9.93% to reach Tk17.7. Other notable gainers included Gemini Sea Food, Fu Wang Food and Asian Tiger Sandhani Life Growth Fund.
On the flip side, Shurwid Industries was the day's worst performer, with its share price dropping 6.38% to Tk8.8. The other top losers were Exim Bank First Mutual Fund, Stylecraft, Aramit Cement and Midland Bank.
The Chittagong Stock Exchange also experienced a negative session today. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) decreased by 7 points and 22 points, respectively.
END/MSS/AJ
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