DSE turnover hits three-month low

FE Online Report | Published: October 16, 2017 16:04:48 | Updated: October 24, 2017 20:58:19


Turnover at the Dhaka Stock Exchange (DSE) came down to Tk 5.03 billion on Monday, lowest in the last three months, as investors reluctant to make fresh investment in the market.

Turnover, the most important indicator of the market, stood at Tk 5.03 billion, registering a decline of 18.87 per cent from the previous day.

Brokers said investors were mostly inactive and not confident enough to put in fresh funds. The market felt sales pressure from the investors who were sitting on profit.

Following the previous three days’ sharp fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened mixed trend amid low participation of investors.

After witnessing volatility almost throughout the session, DSEX, the prime index of the DSE, which replaced the DGEN in four-and-a-half-year back, finished at 6,014, advancing 4.89 points or 0.08 per cent over the previous session.

However, the two other indices closed in the red. The DS30 index, comprising blue chips fell 4.39 points or 02.0 per cent to close at 2,189. The DSE Shariah Index (DSES) lost 3.33 points or 0.25 per cent to finish at 1,319.

A total number of 0.094 million trades were executed in the day’s trading session with trading volume of 140.86 million securities.

The total market capitalisation of the DSE stood at Tk 4,054 billion which was Tk 4,053 billion in the previous trading session.

Gainers took a modest lead over the losers as out of 330 issues traded, 154 closed higher, 135 closed lower and 41 remained unchanged on the DSE trading floor.

Uttara Bank topped the day’s turnover chart with 6.60 million shares of Tk 272 million changing hands, closely followed by City Bank, Brac Bank, Shahjalal Islami Bank and Exim Bank.

Asia Pacific Insurance was the day’s best performer, posting a gain of 9.24 per cent while Mithun Knitting was the day’s worst loser, plunging by 7.20 per cent.

The port city bourse Chittagong Stock Exchange (CSE) also edged higher with its Selective Categories Index - CSCX –advancing 20 points to close at 11,286.

Gainers beat losers as 122 issues closed higher, 96 closed lower and 21 remained unchanged on the CSE.

The port city bourse traded 13.04 million shares and mutual fund units worth Tk 328 million in turnover.

babulfexpress@gmail.com

Share if you like