BSS
  29 Apr 2025, 18:57

Price fall in large-cap drives stocks down

DHAKA, April 29, 2025 (BSS) - Country's both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - today plunged further due to mainly price fall in large-cap securities.
 
DSEX, the broad index of the DSE, shed 17.2 points to settle at 4,936 points, as against 4,953 points in the previous trading session. 
 
Market analysts observed that market volatility persisted throughout the session as sellers maintained their dominance: amid uncertainties over the market outlook, while favourable earnings disclosures from particular companies enticed some investors to shift their positions to those stocks for a potential quick return.

However, trading activities remained stagnant with total turnover in DSE being at a 4-month low of Taka 2.9 billion.

On the sectoral front, Bank (17.3%) issues exerted the highest turnover, followed by Food (13.9%) and Fuel & Power (10.7%) sectors. Sectors mostly displayed dismal returns, out of which Financial Institution (-2.1%), Fuel & Power (-1.8%) and Jute (-1.8%) exerted the most corrections on the bourse today, while Services (1.4%), IT (0.5%) and Cement (0.3%) exhibited slight positive returns.

Out of the 397 issues traded, 135 advanced, 207 declined and 55 remained unchanged.

The port city bourse, CSE, however, settled on red terrain. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) fell by 21.8 and 30.7 points, respectively.