Dhaka, Bangladesh (BBN)-Turnover on major bourse – Dhaka Stock Exchange (DSE) – dipped to a nine-month low on Wednesday as investors were reluctant to take fresh exposure in the market amid shaky sentiment.

Turnover, the most important indicator of the market came down to BDT 1.57 billion, which was 28 percent lower over the previous session’s value of BDT 2.18 billon.

It was the nine months lowest turnover since BDT 1.10 billion recorded on October 20, 2013.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 5.52 points or 0.12 percent to close at 4,371.00 points.

DSEX lost 116.07 points in the last seven consecutive sessions.

The DS30, comprising blue chips lost 2.68 points or 0.16 percent to close at 1,603.86 points.

However, DSE Shariah Index (DSES) remained flat closing the index with 0.93 points up to 995.07 points.

“The ongoing pessimism kept investors mostly inactive, bringing the turnover to a nine-month low,” said an analyst.

“Market acted mixed as some cautious investors booked some profit on stocks which rallied strongly in earlier sessions,” commented LankaBangla Securities, in its regular market analysis.

IDLC Investments said that overall shaky market sentiment took the toll in investors’ participation and recorded nearly at nine months’ lowest turnover and magnified the negative tone prevailing in market.

Out of 292 issues traded, 123 advanced, 116 declined and 53 remained unchanged on the DSE floor.

GrameenPhone (GP) was the most traded stock with shares worth BDT 90.60 million changing hands followed by Lafarge Surma Cement, Beximco, FAR Chemical and Appollo Ispat.

Bangladesh Industrial Finance Corporation (BIFC) was the day’s highest gainer, posting a rise of 9.6 percent while FAR Chemical was the day’s worst loser, slumping by 5.51 percent after previous day’s 426 percent gain.

The port city bourse, Chittagong Stock Exchange (CSE), also ended in red with its Selective Categories Index – CSCX – lost 16.14 points to close at 8,322.74 points.

Losers beat gainers 107 to 55, with 39 issues remaining unchanged at the port city bourse that traded 4.06 million shares and mutual fund units, turnover value of BDT 125.43 million.

BBN/BB/ANS-09July14-2:40pm (BST)