Written by The Banking Post
The Dhaka Stock Exchange (DSE) witnessed a sharp downturn last week (November 2–6), as the number of losing stocks outnumbered gainers by more than eight times, dragging down all major indices and wiping out over Tk 8,600 crore from its market capitalization.
According to DSE data, the benchmark DSEX Index lost 154 points, or 3 percent, to close at 4,968, from 5,122 a week earlier. The DS30 Index, which tracks 30 leading companies, dropped 47 points or 2.37 percent to 1,941, while the DSES Index, representing Shariah-based securities, plunged 43 points or 4 percent to 1,039.
Despite the slump, trading activity edged up slightly. The DSE recorded a total turnover of Tk 2,422 crore over five trading sessions, up from Tk 2,286 crore the previous week—an increase of nearly Tk 136 crore or 5.9 percent. The daily average turnover stood at Tk 484 crore, compared to Tk 457 crore in the previous week.
During the week, shares and units of 389 securities were traded on the DSE. Of these, 40 advanced, 340 declined, and 9 remained unchanged. As a result of the broad-based sell-off, the DSE’s market capitalization fell by Tk 8,631 crore, or 1.23 percent, to Tk 6,90,916 crore, down from Tk 6,99,547 crore a week earlier.
The Chittagong Stock Exchange (CSE) mirrored the DSE’s bearish trend, with all major indices falling. The CASPI Index declined 2.29 percent to 13,959 points, while the CSCX Index dropped 2.40 percent to 8,616 points. The CSI Index slid 2.66 percent to 875, the CSE-50 Index fell 1.78 percent to 1,070, and the CSE-30 Index shed 1.88 percent to 12,413 points.
During the week, 300 securities were traded on the CSE, of which 67 gained, 212 declined, and 21 remained unchanged. Weekly turnover at the port city bourse stood at Tk 97.2 crore, slightly lower than Tk 98.2 crore in the previous week.
Analysts said the persistent decline reflects cautious investor sentiment amid liquidity stress, macroeconomic uncertainty, and weak corporate earnings in several sectors.
