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Published : 29 Apr 2025, 06:43 PM
The Dhaka Stock Exchange (DSE), the country’s premier bourse, has extended losses into a second day amid market volatility.
The benchmark index, DSEX, shed 17 points to close at 4,935 points as trade turnover plunged to Tk 2.91 billion on Tuesday. This was the second time in four months that the volume of trade fell below Tk 3-billion mark.
Share prices in the clothing, medicine and chemicals, and engineering sectors rose nonetheless.
After a bearish spell of almost two weeks, the DSEX gained 22.85 points to close at 4,995.46 on Sunday before dipping again on Monday, losing 42 points.
On Tuesday, trading opened strongly in the morning, with the DSEX gaining nine points within the first half-hour. The momentum then began to tail off as the index dropped to 4,935 points around 11am.
A brief recovery followed as selling pressure eased and the index regained the lost ground by 12:30pm.
A positive buying trend then sent prices into correction and the index could not recover at the close, ultimately ending at 3,935 points.
On Sunday, despite a modest rise, overall trading volume had fallen as the turnover dropped to Tk 3.39 billion from Tk 3.67 billion on Thursday.
On Monday, the capital market transactions reached Tk 4.53 billion.
The task force on capital market reforms presented its final recommendations for amending the margin lending policy at a press conference that day.
It proposed tighter restrictions on margin loans. The next day, investor sentiment weakened, culminating in a big drop in the key index and transactions.
According to DSE data, the clothing, pharmaceuticals, chemicals, and engineering sectors were the major contributors to Tuesday’s trade volume.
The banking, food and allied, and power and energy sectors also featured prominently.
Of the 397 listed companies and funds, share prices of 136 rose, 211 fell while 50 remained unchanged.
Based on closing prices, Energy Pack, Prime Finance First Mutual Fund and United Finance topped the list of gainers, while Power Grid Bangladesh, ICB Islamic Bank, and Pragati Life Insurance were the biggest losers.
