The market extended the losing streak on Wednesday, with turnover dipping below Tk 5.0 billion mark after one year, as investors are mostly reluctant to make fresh investments in stocks.
Turnover, the crucial indicator of the market, came down to Tk 4.90 billion, which was 15 per cent lower than the previous day’s tally of Tk 5.75 billion.
It was also the lowest single-day transaction since April 11, 2021 when turnover was recorded at Tk 4.56 billion.
Along with sluggish turnover, DSEX, the key index of the DSE, went down by 31.81 points or 0.47 per cent to settle at 6,662. DSEX lost over 109 points in the past three straight sessions.
Market analysts said the recent regulatory intervention failed to stop the market fall as investors are mostly reluctant to make fresh investments amid fear of global economic turmoil due to the ongoing Russia-Ukraine war.
“The ongoing pessimism and temporary circuit breaker kept investors mostly inactive, bringing the turnover below Tk 5.0 billion-mark,” said a leading stockbroker.
Two other indices also ended lower with the DSE 30 Index, comprising blue chips, losing 5.58 points to finish at 2,459 and the DSE Shariah Index (DSES) fell 4.55 points to close at 1,456.
Prices of more than 78 per cent of traded issues fell on the prime bourse, as out of 375 issues traded, 293 declined, 44 advanced and 38 remained unchanged on the DSE trading floor.
LafargeHolcim Bangladesh topped the turnover list with shares worth Tk 406 million changing hands, closely followed by Beximco, Kattali Textile, Bangladesh Building Systems, and BBS Cables.
The newly listed JMI Hospital Requisite Manufacturing continued to top the gainer list for the fourth straight session, posting a 9.93 per cent gain, while Midas Financing was the day’s worst loser, losing 2.0 per cent.
The Chittagong Stock Exchange (CSE) also ended lower with the CSE All Share Price Index – CASPI –losing 79 points to settle at 19,567 and the Selective Categories Index – CSCX – shedding 47 points to close at 11,738.
Of the issues traded, 196 declined, 57 advanced and 20 issues remained unchanged on the CSE.
The port-city bourse traded 6.20 million shares and mutual fund units with a turnover value worth Tk 225 million.
