Investors in Dhaka's stock market are facing a renewed dilemma as stock prices that surged on Tuesday fell sharply on Wednesday. A total of 306 companies saw their share prices decline, reversing gains from the previous day.
At the close of trading on the Dhaka Stock Exchange (DSE) on Wednesday, the main index, DSEX, fell by 71.98 points, closing at 5,169.79. This followed a 68.66-point rise just a day earlier, heightening investor concerns over market volatility.
In addition, transactions at the DSE fell by Tk 37 crore to Tk 321 crore on Wednesday, compared to Tk 358 crore on Tuesday.
All major indices saw declines, with the DSES (Shariah) index dropping 11.37 points to 1,162.64, and the DS30, which tracks blue-chip stocks, sliding 31.56 points to 1,892.77.
The sudden decline follows two consecutive days of rising stock prices, which had given investors a sense of optimism. However, Wednesday's trading saw share prices of 306 companies fall, while only 52 companies experienced gains. The prices of 41 companies remained unchanged.
Over at the Chittagong Stock Exchange (CSE), the CASPI index saw a slight drop of 0.82 points, closing at 145,002.29. Trading volume also took a hit, with transactions decreasing to Tk 3.12 crore from Tk 13.67 crore on Tuesday. Out of the 194 companies and mutual funds traded at the CSE, the share prices of 127 companies decreased, while 42 companies saw increases, and 25 remained unchanged.
