The Dhaka Stock Exchange (DSE) experienced a significant decline, reaching a three-month low, with the DSEX benchmark dropping 0.23% to 6225.56 points. Over the three-day trading session, DSEX lost 32 points, reflecting sustained bearish market sentiment for over a year. Contributing factors include the imposition of floor prices by regulators, macroeconomic concerns, and political tensions.
The market faced selling pressure from the outset of the session, exacerbated by a hartal enforced by BNP. The top negative index contributors were LafargeHolcim, Sea Pearl Beach Resorts, Emerald Oil Industries, and Unique Hotel & Resorts. Turnover on the DSE was Tk 4.43 billion, with losers dominating gainers (124 to 19). In contrast, the Chittagong Stock Exchange (CSE) also ended lower, with CASPI dropping 25 points to 18,479 and CSCX losing 15 points to 11,052.
Oimex Electrode was the top gainer, up 8.96%, while Emerald Oil Industries was the worst loser, down 9.22%. Small-cap stocks, including C&A Textile, dominated turnover. Overall, the market reflects ongoing challenges, with macroeconomic and political factors contributing to the bearish trend.