DSE turnover hits five-month low

Turnover on Dhaka Stock Exchange fell to a five-month low yesterday as investors were reluctant to take fresh exposure in the market.
Turnover fell 12.33 percent to Tk 243 crore, compared to the previous day. The most important indicator of the market hit Tk 230.31 crore on October 24 last year.
DSEX, the benchmark general index of the premier bourse, closed the day at 4,519.54 points, after falling 39.38 points or 0.86 percent.
DSES, the shariah index of the DSE, slid 10.73 points or 1.08 percent to close at 978.74.
The market retracted again with a single session's break, as the investors were panic-stricken, IDLC Investments said.
The ongoing pessimism kept investors mostly inactive, bringing the turnover to a record low, the investment banker said.
Continuation of heavy sell-offs has tapered the resilience in the market, LankaBangla Securities said.
Losers took a strong lead over the gainers, as prices of 152 securities declined, 120 advanced and 22 remained unchanged out of the 294 issues that were traded on the DSE floor.
A total of 0.71 lakh trades were executed with 4.71 crore shares and mutual fund units changing hands on the Dhaka bourse.
Most of the major sectors lost market cap: banks 1.4 percent, cement 0.6 percent, foods 1.6 and power 1 percent.
Bangladesh Shipping Corporation featured on the most traded stocks' chart with 2.62 lakh shares worth Tk 17.69 crore changing hands, followed by Square Pharma, Padma Oil, Emerald Oil Industries and Bangladesh Submarine Cable Company.  
Desh Garment was the biggest gainer of the day, posting a rise of 9.99 percent, while Safko Spinning Mills was the worst loser, plunging by 10.07 percent.