Price fall in large-cap drives stocks down

BSS
Published On: 13 May 2025, 19:23

DHAKA, May 13, 2025 (BSS) - The country's both bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - today plunged due to mainly price fall in large-cap securities.

DSEX, the broad index of the DSE, again plunged by 47 points to settle at 4,875 points, as against 4,922 points in the previous trading session. 

Market analysts observed that despite managing to stay afloat in the initial hours, the market succumbed to its prevailing downtrend as investors remained wary of the market's outlook that pushed the majority of scrips sliding into red territory, eroding the brief respite driven by bargain-hunting. 

Meanwhile, trading activities remained stagnant with total turnover in DSE being low at Taka 3.4 billion. On the sectoral front, Bank (28.5%) issues exerted the highest turnover, followed by Mutual Fund (13.0%) and Food (8.7%) sectors. All the sectors displayed dismal returns, out of which Ceramic (3.3%), Jute (3.0%) and Mutual Fund (2.8%) exerted the most correction on the bourse today. 

However, out of the 397 issues traded, 54 advanced, 304 declined and 39 remained unchanged.

The port city bourse, CSE, also settled on the red zone. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) fell by 19.8 points and 36.9 points, respectively.

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