Stocks bounce back
Although the stock market bounced back yesterday after taking a tumble the day before, turnover fell as a result of how investors are behaving, according to analysts.
"Some investors are waiting to see whether the market will advance or fall in the near future and so, they are not trading at the moment," a stock broker said.
On the other hand, optimistic investors are purchasing shares in hopes that the index will soar even higher.
"If investors hold onto the stocks of well-performing companies, then they will not be losers. Still though, profit taking is a beauty of the market," he added.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged up 14 points, or 0.20 per cent, to 7,251 yesterday while it had dropped 13 points a day earlier.
Turnover at the Dhaka bourse fell 12 per cent to Tk 1,980 crore while it was Tk 2,257 crore the day before.
Eastern Insurance topped the gainers' list, rising 9.98 per cent, followed by Fu-Wang Ceramic Industries, Khulna Power, Central Pharmaceuticals, and Matin Spinning mills.
Desh Garments shed the most, falling 7.81 per cent, followed by Meghna Condensed Milk, Jute Spinners, Evince Textiles, and Libra Infusions.
At the DSE, 141 stocks rose, 202 declined and 33 remained unchanged.
Stocks of LafargeHolcim Bangladesh traded the most, worth Tk 139 crore, followed by Orion Pharmaceuticals, GPH Ispat, Beximco Limited, and SAIF Powertec.
The Chattogram Stock Exchange (CSE) rose yesterday, while the CASPI, the general index of the port city bourse, shot up by 21 points, or 0.10 per cent, to 21,148.
Among 321 traded stocks, 131 advanced, 165 fell and 25 remained unchanged.
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