On December 17, key indices in Dhaka and Chittagong stock exchanges experienced a notable downturn, with investors heavily involved in selling activities, leading to a 30% surge in Dhaka bourse turnover. The DSEX at the Dhaka Stock Exchange dropped by 10 points to close at 6,256, and the DS30 blue-chip index fell by 5 points to 2,101. Similarly, the Chittagong Stock Exchange’s all-share price index (CASPI) decreased by 8 points, closing at 18,574. Daily turnover reached Tk624 crore, with 352 issues traded, 43 advancing, 131 declining, and 178 remaining unchanged.
Profit-booking sell pressure dominated the market as cautious investors sought to realize recent gains amid fluctuating confidence. The textile, pharmaceutical, and engineering sectors were the most active, contributing significantly to the total turnover.
Notably, the jute sector gained 0.5%, while the travel and leisure sector incurred a 2.1% market capitalization decrease. Evince Textile led daily gainers with a 10% return. Concerns persisted about the floor price, as many listed scrips had no buyers at or above the regulatory-imposed floor prices.
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