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Published : 12 Feb 2025, 08:18 PM
The Dhaka Stock Exchange, or DSE, index has dropped a day after recording high turnover.
On Wednesday, DSE’s main index, DSEX, fell by 2.43 points, closing at 5,189.62 points.
The index had been at 5,192 points the previous day.
The index fluctuated throughout the day's trading session before ending slightly lower than the previous day’s close.
Due to decreased transactions in the banking, pharmaceutical, and chemical sectors, the total turnover at the DSE dropped to Tk 3.91 billion.
On Tuesday, trading volume exceeded Tk 5 billion for the first time in 70 days, reaching Tk 5.19 billion. The last time turnover crossed Tk 5 billion was on Dec 2, 2024, when transactions totalled Tk 5.12 billion.
Over the previous two days, the DSEX had gained 19 points before shedding 2 points in a single session.
The textile sector emerged as the highest contributor to transactions on Wednesday, with Tk 700 million in turnover.
On a day when most companies’ share prices declined, the pharmaceutical and chemical sector followed in trading volume, trailed by food and allied shares, while banks slipped lower on the list.
Under normal circumstances, transactions in pharmaceutical and chemical stocks exceed Tk 500 million.
On Tuesday, the banking sector saw trades worth Tk 800 million, while pharmaceutical and chemical stocks reached Tk 600 million.
On Wednesday, banking transactions dropped to Tk 330 million, while pharmaceutical and chemical stocks recorded Tk 480 million.
According to DSE data, out of 399 companies, share prices rose for 143, declined for 209, while 47 remained unchanged.
