Written by The Banking Post
Extending the previous day’s downtrend, most shares and units on the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) lost value on Monday, dragging down the key indices. This marks the fifth consecutive trading day of decline for the market.
After four straight days of losses, Monday (August 11) began on a positive note with most shares and units gaining value, pushing the indices upward in early trade.
However, within the first two hours, market momentum shifted. One after another, companies moved from the gainers’ list to the losers’ list. This downward trend continued until the close, ending the day with a fall in indices.
At the end of the day, 121 companies and units on the DSE closed higher, 201 fell, and 83 remained unchanged. The benchmark DSEX index dropped 6 points from the previous session to close at 5,344.
Along with the index, turnover on the DSE also fell. The day’s transaction volume stood at Tk 610.86 crore, compared to Tk 760.64 crore in the previous session — a decrease of Tk 159.78 crore.
Bangladesh Shipping Corporation led the day’s turnover with shares worth Tk 20.87 crore changing hands. Orion Infusion ranked second with Tk 17.28 crore, followed by Malek Spinning with Tk 16.71 crore.
Other top turnover leaders included Sea Pearl Beach Resort, Rahima Food, Beach Hatchery, City Bank, Khan Brothers PP Woven Bag, Alif Industries, and Sonali Paper.
On the CSE, the overall CASPI index slipped by 10 points. Of the 203 companies traded, 73 advanced, 103 declined, and 27 remained unchanged. Turnover stood at Tk 12.60 crore, down from Tk 25.92 crore in the previous session.
