Turnover on Dhaka Stock Exchange (DSE) dipped 43.60 per cent in last week compared to previous week following investors' less participation in trading activities.
The Dhaka Stock Exchange (DSE) featured a total turnover of above Tk 34.43 billion in five sessions of last week. The value was above Tk 61.05 billion in previous week. As a result, total turnover on the premier bourse declined 43.60 per cent in the week ended Thursday last.
In fact, the premier bourse started to observe the turnover below Tk 10 billion from September 21 and continued till Thursday last.
The DSE observed an average daily turnover of above Tk 6.88 billion in last week, while the average turnover was above Tk 12.21 billion in previous week. The DSE featured a turnover of above Tk 66.20 billion on Sunday, above Tk 66.61 billion on Monday, above Tk 71.52 billion on Tuesday, above Tk 77.53 billion on Wednesday and above Tk 62.48 billion on Thursday.
Four out of five days of this week closed in red and all sectors except four closed negative this week.
The broad index of the premier bourse DSEX has dipped below the 6,100-point mark in last week after losing 77.6 points in four sessions.
Investors' participation on stocks of banking sector declined in first four sessions and subsequently the turnover and broad index of the premier bourse declined in those sessions. In the last session of the week, the broad index closed marginally higher following investors' increased participation on stocks of banking sector.
Of 335 issues traded in last week, 58 advanced, 261 declined and 15 were unchanged on the premier bourse DSE.
According to a stock broker, the capital bourse of the country observed a negative vibe in the first four session of the week as investors showed risk-aversion.
"Though the week market experienced price correction as investors opted for profit booking tendency but market ended in green zone in the last session with heavy buoyancy mostly on banking sector issues," said a stock broker.
Looking at the large cap sectors, only telecommunication sector showed a reasonable gain of 0.87 per cent, food & allied and bank sector also registered marginal gain of 0.09 per cent and 0.02 per cent respectively.
Meanwhile, average trade volume on the DSE also decreased by 47.0 per cent and total number of trades saw 31.1 per cent decrease.
Among the top gaining stocks of the week, Legacy Footwear advanced 22.49 per cent, Dutch-Bangla Bank 15.33 per cent and BBS Cables 14.24 per cent. Of the top losing stocks, RN Spinning Mills declined 20.35 per cent, Fareast Islami Life Insurance Company 18.96 per cent, Western Marine Shipyard 14.44 per cent, Meghna Pet Industries 12.50 per cent, Northern Jute Manufacturing Company 11.35 per cent and Summit Power 10.25 per cent.
Shahjalal Islami Bank topped the weekly turnover chart with a value of above Tk 2.10 billion, followed by Uttara Bank above Tk 1.24 billion, National Bank above Tk 1.20 billion, Jamuna Bank Tk 1.19 billion, EXIM Bank Tk 927.36 million, LankaBangla Finance Tk 835.08 million, BBS Cables above Tk 820.71 million, IFIC Bank above Tk 804.78 million and Al-Arafah Islami Bank above Tk 799.16 million.