Dhaka stocks' turnover drops to 29-month low
Turnover of the Dhaka Stock Exchange (DSE) dropped to 29 months' low although the market index rose slightly today when the stock market regulator lifted the floor price of 169 companies.
The DSEX, the benchmark index of the DSE, edged up 3 points, or 0.05 per cent, to 6,202.
The DS30, the blue-chip index, rose 0.06 per cent to 2,194 while the DSES, the index that represents shariah-based companies, advanced 0.17 per cent to 1,357.
Turnover, an important indicator of the market, dropped 31 per cent to Tk 227 crore which was Tk 333 crore on the previous day. The turnover was the lowest since July 16 of 2020 when it was Tk 225 crore.
Among the traded companies, 52 advanced, 101 declined and 156 remained the same.
Islami Commercial Insurance posted the highest appreciation, rising 9.65 per cent. Union Capital surged 8.9 per cent. Intraco Refueling Station, Sonali Aansh Industries and Monno Agro & General Machinery advanced more than 5 per cent.
Orion Infusion suffered the sharpest fall, sliding 7.4 per cent. Fortune Shoes dropped 4.7 per cent, Coppertech Industries went down 3.9 per cent, and Kohinoor Chemical Industries eroded by 2.3 per cent.
Monno Ceramic Industries was the most-traded stock on the day with its shares worth Tk 16 crore transacted. Sea Pearl Beach Resort & Spa, Monno Agro & General Machinery, Bashundhara Paper Mills, and Intraco Refueling Station also saw significant transactions.
The Caspi, the all-share price index of the CSE, rose 19 points, or 0.10 per cent, to end the day at 18,327.
Of the securities, 26 advanced, 29 declined, and 79 did not show any price movement.
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