Price fall in large-cap drives stocks down

BSS
Published On: 23 Apr 2025, 18:28

DHAKA, April 23, 2025 (BSS) - Country's both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today plunged due to mainly price fall in large-cap securities.

The DSEX, the broad index of the DSE, shed 4.1 points to settle further lower at 5,022 points, as against 5,027 points in the previous trading session. 

Market analysts observed that despite the market indices somewhat managing to remain afloat for the majority of today's session, the momentum failed to sustain as shaky investor confidence and the prolonged downtrend dragged down the indices again.

Meanwhile, trading activities remained stagnant with total turnover in DSE falling to around 4-month low of Taka 3.0 billion as against Taka 3.4 billion in the previous session. 

On the sectoral front, Bank (14.3%) issues exerted the highest turnover, followed by Fuel and Power (11.5%) and Engineering (10.4%) sectors. 

Sectors mostly displayed dismal returns, out of which Paper (-2.5%), IT (-2.1%) and Mutual Fund (-1.9%) exerted the most corrections on the bourse today, while Fuel & Power (1.0%), Telecom (0.5%) and Financial Institution (0.4%) exhibited slight positive returns. 

Out of the 397 issues traded, 118 advanced, 213 declined and 66 remained unchanged.

However, the port city bourse, CSE, also settled on red terrain. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) fell by 33.1 and 54.0 points, respectively.

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