- Dhaka Stock Exchange

DSE turnover dips below Tk 4.0 billion-mark

Dhaka-stock-exchangeStocks witnessed sharp decline Sunday with turnover dipping below Tk 4.0 billion-mark after four months as nervous investors went for selling spree, fearing further fall. The market opened with a negative mood which continued till the market closure. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 61.49 points of 1.25 per cent to close at 4,838.11 points. The other two indices also saw steep decline. The DS30, comprising blue chips lost 29.55 points or 1.62 per cent to close at 1,785.13 points. The DSE Shariah Index shed 12.18 points or 1.06 per cent to close at 1,133.63 points. Turnover remained sluggish and dipped below Tk 4.0 billion and amounted to Tk 3.48 billion which was 29.39 per cent lower over the previous day’s turnover of Tk 4.86 billion. It was also four months lowest turnover since Tk 3.39 billion on July 24. The losers took a strong lead over the gainers as out of 301 issues traded, 206 declined, 63 declined and 32 issues remained unchanged on the DSE floor. Western Marine Shipyard was the most traded stock with shares worth Tk 196.04 million changing hands followed by Jamuna Oil, Khan Brothers PP Woven Bag, BEDL and Pharma Aids. Sonali Ansh was the day’s highest gainer for the second day, posting a rise of 9.89 per cent while Mithun Knitting was the day’s worst loser, slumping by 18.49 per cent. The port city bourse, Chittagong Stock Exchange (CSE) also witnessed sharp decline with its Selective Categories Index – CSCX – lost 118.97 points to close at 9,135.03 points. Losers beat gainers 169 to 26, with 18 issues remaining unchanged at the port city bourse that traded 7.34 million shares and mutual fund units, turnover value of Tk 268.44 million.

SOURCE: thefinancialexpress

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