DSE turnover slips to record low
Turnover on the Dhaka Stock Exchange dipped to a three-and-a-half-year low yesterday as investors went for another panic sell-off amid volatility.
The turnover stood at Tk 122 crore, 12.70 percent lower than that in the previous day.
The benchmark general index, DGEN, of the bourse finished the day at 4,295.5 points, after falling 108.12 points.
The key index lost 496 points in the last ten sessions and 1,287 points over the last two months.
“With no signs of optimism in the market, general investors waited on the sidelines, without making any new investments,” said IDLC Investments Ltd in its market commentary.
Of the 254 issues traded on the DSE, 222 declined, only 21 advanced and 11 remained unchanged.
A total of 0.46 lakh trades were executed with 2.77 crore shares and mutual fund units changing hands on the Dhaka bourse.
All the major sectors saw red, with non-bank financial institutions losing 2.92 percent followed by banks at 2.74 percent and power at 2.61 percent.
Grameenphone, which represents the telecommunication sector, fell by 1.35 percent and pharmaceuticals by 1.29 percent.
Bangladesh Submarine Cable Company topped the turnover chart with 14.16 lakh shares worth Tk 8.1 crore, followed by Grameenphone and Lafarge Surma Cement.
In textiles, Rahim Textile featured in the top gainers' chart thanks to an increase of 4.69 percent, while Desh Garments was the worst loser, with its share value plummeting by 9.7 percent.
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