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Stock Market: Dhaka Faces Decline, Ctg Sees Growth
The first trading day of the week presented contrasting fortunes for the Dhaka and Chattogram stock markets on Sunday, with the Dhaka market facing a decline while Chattogram experienced a positive uptick.
In Dhaka, most companies saw a drop in share prices, contributing to a dip in the benchmark indices. The DSEX index at the Dhaka Stock Exchange (DSE) fell by 3 points, while the DSES and DS30 indices decreased by 1 and 6 points, respectively.
Of the 397 companies that traded on the DSE, 143 saw their share prices rise, 190 experienced a decline, and 64 remained unchanged. Most sectors reflected downward pressure, with declines outpacing gains.
Among the 36 mutual funds traded, six saw their value increase, while 12 suffered losses, and the rest remained flat.
In the block market, shares worth Tk 15.59 crore were traded across 40 companies, with Uttara Bank leading the way with shares worth Tk 4.88 crore changing hands. The total turnover at the DSE for the day stood at Tk 448 crore.
On the individual stock front, Shinepukur Ceramics Limited topped the gainers' list, surging by 10 percent, while Linde Bangladesh Limited experienced the steepest drop, losing 7.87 percent in value.
Chattogram Market Shows Positive Momentum
In contrast, the Chattogram Stock Exchange (CSE) experienced a rise, with its index climbing by 7 points. Most companies on the CSE saw share prices increase, and of the 181 companies listed, 87 recorded gains, 66 saw declines, and 28 remained unchanged.
The total turnover at the CSE reached Tk 4.70 crore on Sunday, with Bengal Windsor Thermoplastics Limited leading the gainers, rising by 10 percent. Meanwhile, Sonali Paper and Board Mills Limited faced the largest loss, shedding 9.94 percent in value.
DSE Working to Restore Investor Confidence
Amid market volatility, the DSE has pledged to collaborate with the Bangladesh Securities and Exchange Commission (BSEC) to bolster investor confidence and ensure market stability.
DSE Announces Revised Trading Hours for Ramadan
As the holy month of Ramadan approaches, the DSE has announced revised trading hours to accommodate the season.
The day's trading demonstrated a mixed picture across the two exchanges, with Dhaka facing downward pressure while Chattogram recorded encouraging growth.