DSE turnover dips below Tk 200cr
Stocks started falling again yesterday while Dhaka Stock Exchange's (DSE) turnover stood at less than Tk 200 crore, the lowest in two and a half years.
The DSEX, the benchmark index of the DSE, edged down 12 points, or 0.20 per cent, to 6,189 points.
The drop was preceded by a day's rise following a fall of seven consecutive days.
The DS30, the blue-chip index, fell 0.15 per cent to 2,191 points while the DSES, the index that represents Shariah-based companies, declined 0.25 per cent to 1,354 points.
Among the companies to undergo trade, 25 advanced, 137 declined and 167 remained the same.
Turnover, an important indicator of the market, dropped 12 per cent to Tk 198 crore from that the previous day.
This was the lowest it has gone since July 7, 2020 when it was Tk 139 crore.
The Dhaka stocks keep sliding amid economic worries and the market hit a 29-month low turnover, said International Leasing Securities in its daily market review.
Following a previous positive session, the stocks reverted to the downward momentum as investors remained cautious about macroeconomic challenges amid the cloudy market outlook, it said.
Among the sectors, jute advanced 1.4 per cent, tannery 0.3 per cent and financial institution 0.2 per cent whereas travel and leisure dropped 1.5 per cent, service and real estate 1.4 per cent and paper and printing 1.2 per cent.
Based on the share of turnover, investors' activities were mostly centred on pharmaceuticals (21.6 per cent), ceramic (14.6 per cent) and IT (12 per cent).
Islami Commercial Insurance posted the highest appreciation of 9.84 per cent while Union Capital surged 9.52 per cent and International Leasing and Financial Services, Premier Leasing and Finance, and Jute Spinners advanced by more than 8 per cent.
Monno Ceramic Industries suffered the biggest fall of 7.88 per cent while Orion Infusion dropped 7.4 per cent, Bangladesh Monospool Paper Manufacturing Company 4.5 per cent and Gemini Sea Food 3.6 per cent.
Monno Ceramic Industries was the stock to be traded the most, with shares worth Tk 17 crore changing hands. Orion Infusion, Intraco Refueling Stations, Orion Pharma and the Sea Pearl Cox's Bazar Beach Resort & Spa also saw significant transactions.
The Caspi, the all-share price index of Chittagong Stock Exchange, dropped 23 points, or 0.12 per cent, to end the day at 18,303 points.
Of the securities to be transacted, 19 advanced, 41 declined and 77 did not show any price movement.
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