Turnover at the Dhaka Stock Exchange fell below Tk 200 crore, lowest in the last four months, as investors lost confidence to make fresh investment in the market.
The turnover reached Tk 166 crore, registering a 19.09 percent fall from the previous day. DGEN, the benchmark General Index of the DSE, finished the day at 4,027.75 points, after falling 23.22 points or 0.57 percent.
“A lack of investor participation is causing the dearth of liquidity in the market,” said LankaBangla Securities in its daily market commentary.
The stockbroker said the recent lacklustre earnings disclosures also contributed to the fall.
Small investors are shying away from the secondary market for a continuous fall in index as they find comfort in participating in initial public offerings, it said.
IDLC Investments in its regular market commentary said: “Investors' patience was tested over another session of fall where they were mostly inactive resulting in the four-month low in turnover.”
In total, the bourse lost another 338 points over the last seven sessions, a more rapid disposition, compared to a fall of total 351 points over previous ten sessions' dive, the merchant bank said.
A total of 0.59 lakh trades were executed with 4.98 crore shares and mutual fund units changing hands on the Dhaka bourse.
Of the 265 issues traded on the DSE, only 64 advanced, 176 declined and 25 remained unchanged.
Almost all the sectors closed in the red, including the major ones: non-bank financial institutions 1.19 percent followed by banks 0.72 percent, telecom 0.39 percent, power 0.32 percent and pharma 0.29 percent.
United Airways featured in the
most traded stocks' chart with 73.74 lakh shares worth Tk 15.71 crore changing hands. Jamuna Oil and RN Spinning Mills were the next popular stocks of the day.
Reliance Insurance was the biggest gainer of the day, as it posted a 6.11 percent rise, while BANGAS was the worst loser, slumping by 34.38 percent.