On Wednesday, the Dhaka stock market experienced a slight downturn, retracting from its previous session’s marginal gains, with market experts attributing the shift to cautious investor behavior amidst prevailing volatility.
The DSEX, representing the primary index of the Dhaka Stock Exchange, witnessed a minimal decline of 1.35 points, settling at 6,243.88 points, following a modest 6.25-point increase in the prior session. Market insiders indicated a prevalent trend of profit realization among investors, prompting them to liquidate certain assets amid the market’s unpredictable nature.
Despite this cautious stance, a segment of investors with short-term perspectives displayed a selective interest in specific stocks, leading to a marginal uptick in the market turnover, which stood at Tk 483.07 crore compared to Tk 460.71 crore in the preceding trading day.
A backdrop of escalating political tensions, coupled with economic challenges encompassing high inflation and currency fluctuations, further intensified market apprehensions. The looming national election slated for January 7 exacerbated uncertainties, influencing investor sentiment and trading dynamics.
Delving into sectoral insights, pharmaceutical stocks dominated trading activities, closely followed by engineering and mutual fund sectors. While the DS30 index marked a decline, the DSE Shariah index exhibited resilience, posting marginal gains.
Olympic Accessories Limited emerged as a prominent player, leading the turnover rankings with transactions valued at Tk 29.18 crore. Other significant contributors included Khulna Printing & Packaging Limited, Orion Infusion Ltd, Bd Thai Aluminium Ltd, among others, reflecting the market’s varied activity amidst prevalent uncertainties.
