The Bangladesh capital market witnessed a downturn in both indices and turnover as investors adopted a cautious stance ahead of the Eid-ul-Fitr holidays. With only two trading sessions held last week, the Dhaka Stock Exchange (DSE) saw a decline in most major indices, accompanied by a significant drop in daily average turnover.
DSE Index Performance
Market analysis reveals that the DSEX, the broad index of the Dhaka Stock Exchange, shed 14.46 points (ending at 5,354 points) compared to the previous week’s close of 5,368 points. Other indices showed mixed results:
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DS-30 Index: Dropped by 15.47 points to close at 2,051.
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Shariah Index (DSES): Bucked the trend slightly, gaining 1.14 points to finish at 1,080.
Trading was restricted to just Sunday and Monday due to the holiday schedule. While the market started the week on a bearish note Sunday, it recovered some ground on Monday before closing for the break.
Turnover and Sector Dynamics
The liquidity flow saw a sharp contraction. The daily average turnover stood at Tk 402 crore, a 7.42% decrease from the previous week’s average of Tk 531 crore.
Sector-wise Turnover Leadership:
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Banking: 16.40% (Market Leader)
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Pharmaceuticals & Chemicals: 14.06%
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Textiles: 10.72%
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Engineering: 9.03%
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Food & Allied: 7.05%
Market Returns: Sectoral performance remained mostly negative. The Mutual Fund, Life Insurance, Banking, General Insurance, and Jute sectors faced the steepest declines. Conversely, Information Technology, Services & Real Estate, Textiles, Leather, and Cement sectors managed to post positive returns.
CSE Performance: A Slight Divergence
In contrast to the DSE, the Chittagong Stock Exchange (CSE) saw marginal gains. The CASPI (All Share Price Index) rose by 0.33% to 15,030 points, while the CSCX index edged up by 0.06% to 9,166 points.
The total turnover at the CSE reached Tk 40 crore. Out of the 214 issues traded, 122 closed higher, 63 declined, and 29 remained unchanged.
