DSE index falls to one-month low
Previously, the benchmark index had hit its lowest point at 5,105 on 12 December
The benchmark index DSEX of the Dhaka Stock Exchange (DSE) lost 4 points on Monday (13 January), marking its second consecutive day of decline and closing at a one-month low of 5,151.
Previously, the benchmark index had hit its lowest point at 5,105 on 12 December.
The blue-chip index, DS30, also dipped by 0.9 points, settling at 1,906.
Throughout the session, 91 issues advanced, 247 declined, and 62 remained unchanged.
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Market participation showed little movement, though turnover saw a slight uptick of 7%, reaching Tk398 crore compared to the previous session.
EBL Securities, in its daily market review, noted that the benchmark index of the DSE extended its losing streak for a second consecutive session. This was driven by bearish market sentiment, exacerbated by adverse reactions to a recent media report on stricter loan classification rules set to take effect in the banking sector from the next quarter.
Investor concerns over potential inflationary shocks stemming from recent tax hikes further weighed on the already subdued market momentum, the review added.
"The market opened on a negative note, continuing the bearish trend from the previous session," EBL Securities commented.
Although some buyer interest emerged in select large-cap stocks following the decision on index rebalancing, the market ultimately failed to withstand the selling pressure, with bearish sentiment dominating trading for the second straight session, it concluded.
Most sectors displayed negative returns, with non-bank financial institutions, life insurance, and travel showing the most significant corrections. However, telecom, engineering and miscellaneous stocks posted some gains on the bourse.
Monno Fabrics led the gainers' list, with its share price surging by 9.93%, followed by Khulna Printing and Packaging and CVO Petrochemical.
Generation Next was the top loser, with its share price dropping by 5.88%, followed by RSRM Steel and Emerald Oil.
Investors showed the highest activity in the textile sector, which accounted for 14.7% of the DSE's total turnover, followed by the telecom sector at 11.7% and the banking sector at 10.4%.
Grameenphone was the top-traded stock in terms of value, with shares worth Tk38.58 crore traded.
