DSE daily turnover scales Tk 17b-mark after four-month
Stocks slip into red after eight-day gain
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Turnover on the Dhaka Stock Exchange (DSE) exceeded Tk 17 billion-mark after four months on Tuesday as enthusiastic investors continued to put fresh stakes on stocks amid eased virus worries.
Turnover, a crucial indicator of the market, stood at Tk 17.20 billion on the country’s premier bourse, in a further buck by 12 per cent over the previous day’s tally of Tk 15.35 billion.
It happens to be the biggest single-day transaction since January 17, this year, when the turnover totalled a record amount of Tk 23.85 billion.
DSEX, the core index of the DSE, however, saw mild correction and went down by 10.85 points or 0.18 per cent to settle at 5,829, after gaining 329 points in the past eight consecutive sessions.
Two other indices also edged lower with the DSE 30 Index, comprising blue chips, shed 4.49 points to finish at 2,194 and the DSE Shariah Index (DSES) lost 3.95 points to close at 1,281.
Market operators said cautious investors opted for booking profit on stocks that saw a substantial gain in the past few days, particularly on financial institutions and bank stocks.
Losers took a strong lead over the gainers, as out of 365 issues traded, 215 declined, 103 advanced and 47 issues remained unchanged on the DSE trading floor.
Beximco - the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth about Tk 1.15 billion changing hands, followed by Prime Bank (Tk 721 million), BATBC (Tk 686 million), Saif Powertec (Tk 661 million) and National Feed Mills (Tk 481 million).
Standard Insurance was the day’s top gainer, posting a 10 per cent gain while BIFC was the worst loser, losing 6.67 per cent.
A total number of 244,463 trades were executed in the day’s trading session with a trading volume of 574.02 million shares and mutual fund units.
The market cap of DSE also dropped to Tk 4,950 billion on Tuesday, down from Tk 4,965 billion in the previous session.
The Chittagong Stock Exchange (CSE) also ended marginally lower with the CSE All-Share Price Index – CASPI –losing 28 points to settle at 16,894 and the Selective Categories Index – CSCX shedding 19 points to close at 10,183.
Of the issues traded, 168 declined, 89 advanced and 32 issues remained unchanged on the CSE.
The port city’s bourse traded 25.88 million shares and mutual fund units with a turnover value of Tk 607 million.