Stock market declines after 3-day rally
Business Desk
After three consecutive sessions of gains, both the Dhaka and Chattogram stock markets witnessed a downturn, leading to a drop in indices and share prices for most companies.
On Wednesday, the fourth trading session of the week, the Dhaka Stock Exchange's (DSE) benchmark index, DSEX, fell by 14 points.
The other two indices, the Shariah-based DSES and the blue-chip DS30, dropped by 2 points and 4 points, respectively.
Following the previous session’s highest turnover of the year, exceeding Tk 600 crore, daily transactions plunged to Tk 463 crore within a day.
Out of 397 companies that participated in DSE trading, 127 saw their prices rise, 208 experienced declines, and 62 remained unchanged.
Broad-Based Decline Across Categories
Share prices fell across all categories—A, B, and Z—with the most significant impact seen in the A-category, which includes reputed companies.
Among the 216 A-category stocks, 61 gained value, 126 declined, and 29 remained unchanged.
Of the 36 mutual funds traded, the majority either gained or remained unchanged, while only 10 witnessed price declines.
Meanwhile, all four corporate bonds saw price increases, along with one government security that was traded.
In the block market, 27 companies traded 2.6 million shares worth Tk 11.9 crore. Beacon Pharmaceuticals recorded the highest transaction, selling shares worth Tk 3.15 crore.
Bashundhara Paper Mills Limited topped the gainers’ list with a 9.88% price increase, while Midland Bank PLC suffered the steepest decline, losing 9.42%.
Chattogram Stock Exchange Also Declines
Similar to DSE, the Chattogram Stock Exchange (CSE) ended the day in decline.
Despite a positive start in the morning, the overall CSE index fell by 1 point at the closing bell.
Among the 212 traded companies, 78 saw price increases, 99 experienced declines, and 35 remained unchanged.
Total turnover at CSE stood at Tk 10 crore. Like in Dhaka, Bashundhara Paper Mills Limited led the gainers' list with a 9.94% price rise.
On ther hand, Vanguard AML Rupali Bank Balanced Fund recorded the highest loss at CSE, dropping by 10%.
