DSE turnover falls below Tk 1,000cr

Turnover at the Dhaka Stock Exchange witnessed a 13.41 per cent fall yesterday plunging below the Tk 1,000-crore mark after a five-day gaining streak.

Investors had started pinning hopes on the rising turnover, which began crossing Tk 1,000 crore after a long time, said a stock broker preferring anonymity.

In the last one year, it was hovering around Tk 300 crore, which was a matter of concern for all the market intermediaries and investors, he said.

Market intermediaries, including brokers, mainly depend on the turnover for their earnings. But they were struggling because of a fall in trading, the broker added.

Yesterday, DSEX, the benchmark index of the DSE, increased 8.40 points or 0.16 per cent to 5,100, a 55-week high.

Of the total stocks, 128 advanced, 17 declined and 53 remained unchanged, according to the DSE data. Though most of the stocks declined yesterday the index rose riding on the increase of large cap stocks, said a merchant banker.

When a large-cap stock rises, it impacts the index heavily, he clarified.

The DSE's turnover list was topped by Beximco Pharmaceuticals with trades of Tk 32.36 crore worth of shares followed by Beximco Ltd, Brac Bank, Orion Pharmaceuticals and Orion Infusion.

Asia Pacific Insurance topped the gainers' list with a 9.94 per cent rise followed by Provati Insurance, Asia Insurance, Agrani Insurance and Pioneer Insurance.

Shyampur Sugar shed the most falling 9.90 per cent followed by RN Spinning Mills, Generation Next, Savar Refractories and Fareast Finance.