DSE Dips As Selling Pressure Overwhelms Buying Momentum

In Wednesday's session (14 February), the benchmark DSEX index of the Dhaka Stock Exchange (DSE) witnessed a decline of 23 points, marking its third consecutive day of losses.

Despite an initial positive trend in trading, which persisted until 1:00 pm, the index took a downward turn later in the day due to increased selling pressure that outweighed buying activity.

Closing at 6,371 points, the DSEX concluded 0.36% lower than the previous session.

Among the traded stocks, 79 saw gains, while 278 experienced declines, and 38 remained unchanged.

The market turnover decreased by 29% to Tk1,173 crore compared to Tk1,646 crore in the previous session.

Similarly, the Chittagong Stock Exchange ended in negative territory, with the All-Share Price Index (CASPI) falling by 0.55% to 18,398 points.

Best Holdings shares garnered significant investor interest, emerging as the highest turnover stock with a value of Tk121 crore at the DSE.

Furthermore, Central Pharma, a company facing losses, hit the highest circuit breaker limit of 10% during Wednesday's trading.