DSEX extends losing streak to five days
Over the five-day stretch, the DSEX dropped by 75 points, reflecting the prevailing market uncertainty that has weighed on investor sentiment, with many remaining cautious and hesitant to engage fully
The benchmark index of the Dhaka Stock Exchange (DSE), DSEX, continued its downward trajectory for the fifth consecutive session today (28 January), further eroding investor confidence and impeding market recovery.
Over the five-day stretch, the DSEX dropped by 75 points, reflecting the prevailing market uncertainty that has weighed on investor sentiment, with many remaining cautious and hesitant to engage fully.
The downturn in blue-chip stocks further contributed to the prolonged slide.
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Today, the benchmark DSEX index dropped by 3 points, closing at 5,126. Among the traded issues, 173 advanced, while 152 declined and 77 remained unchanged.
Turnover at the DSE, decreased by 5% to Tk328 crore against the previous session.
EBL Securities, in its daily market review, said the benchmark index of the capital bourse registered back-to-back flat sessions while stagnancy in trading activities continued as cautious investors remained observant of the market's trend amidst ongoing corporate earnings declarations.
The prolonged subdued momentum weighed persistently on market sentiment, prompting risk-averse investors to shy away from taking fresh positions in equities, the review added.
Most sectors displayed mixed performances during the session. Ceramic, general insurance, and textile sectors posted the highest gains, while IT, jute, and tannery sectors experienced the most corrections.
