Dhaka, Bangladesh (BBN) – Turnover on Dhaka Stock Exchange (DSE) came down to BDT 3.38 billion Sunday, hitting six months low, as investors were reluctant to take fresh exposure in the market ahead of year-closing.
Turnover, the crucial indicator of the market, fell 16 percent to BDT 3.38 billion, compared to the previous sessions’ BDT 4.02 billion.
It was the lowest single-day transaction in the six months since June 6, this year when turnover was recorded at BDT 3.70 billion.
Market operators said the ongoing pessimism kept investors mostly inactive, bringing the turnover to below BDT 4.0 billion-mark once again.
“The investors were not confident enough to take fresh position in the stocks in this prevailing bearish trend,” said an analyst at a leading brokerage firm.
DHAKA STOCK EXCHANGE:
Along with low turnover, DSEX, the key index of the Dhaka bourse, went down by 16.92 points or 0.27 percent to close at 6,213.
The two other indices also closed lower. The DS30 index, comprising blue chips fell 7.88 points or 0.35 percent to close at 2,239. The DSE Shariah Index (DSES) also lost 3.34 points or 0.24 percent to finish at 1,373.
The losers took a strong lead over the gainers as out of 332 issues traded, 176 closed lower, 114 closed higher and 42 remained unchanged on the DSE trading floor.
United Power emerged at the day’s turnover chart with shares of nearly BDT 130 million changing hands, closely followed by Paramount Textile, Pharma Aids, Shahjala Bank and Aamra networks.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also closed lower with CSE All Shares Price Index of – losing 41 points to finish at 19,232 points.
The Selective Categories Index of the port city bourse – CSCX – also fell 30 points to settle at 11,618 points.
Losers beat gainers as 129 issues closed lower, 74 closed higher and 35 remained unchanged on the CSE.
The port city bourse traded 6.97 million shares and mutual fund units worth BDT 203 million in turnover.