DSE turnover hits 14-month high

The Dhaka stocks went through a price correction yesterday while the turnover hit a 14-month high.

Turnover, one of the important indicators of the market, rose by 17.7 percent from the previous day to Tk 1,146.32 crore. On November 20 of 2017, the figure was Tk 1,158.49 crore.

Investors took home some profit, as most of the stocks gained in the last few days and the rising turnover means there is liquid money in the market, industry insiders said.

The DSEX, the benchmark index of Dhaka Stock Exchange, gained 642 points or 12.30 percent in the last one month.

Yesterday, the index dropped 23.98 points or 0.40 percent to close the day at 5,836.23.

Olympic Industries dominated the turnover chart with 14.58 lakh shares worth Tk 39.58 crore changing hands, followed by Khulna Power, BBS Cables, Singer Bangladesh and JMI Syringes.

The top three negative index contributors were Brac Bank, Square Pharmaceuticals and Islami Bank Bangladesh, according to data of IDLC Securities. Of the traded issues, 122 advanced, 197 declined and 21 closed unchanged.

Chittagong stocks also declined with the bourse's benchmark index, CSCX, falling by 35.51 points or 0.32 percent to finish the day at 10,800.78. The bourse traded 1.15 crore shares and mutual fund units worth Tk 36.22 crore.