BBN file photo

Dhaka, Bangladesh (BBN)-The daily trade turnover on the Dhaka Stock Exchange (DSE) dropped to 21 months low Tuesday as investors were reluctant to make fresh investment in stocks amid ongoing bearish trend.

Turnover, a crucial indicator of the market, stood at BDT 2.39 billion on the country’s premier bourse, slumping further by 9.12 per cent over previous day’s mark of BDT 2.63 billion.

It was the lowest single-day transaction since March 25, 2018, when the turnover totalled a record BDT 2.24 billion.

Along with falling turnover, DSEX, the prime index of the DSE, also went down by 3.76 points or 0.08 per cent to settle at 4,390, lowest in 42 months since June 27, 2016.

Market insiders said investors reluctant to make fresh investment amid lack of confidence while poor macroeconomic indicators, dearth of quality stocks and liquidity crunch exacerbated the ongoing confidence crisis among investors.

Two other indices ended lower. The DS30 index, comprising blue chips, fell 9.12 points to finish at 1,496 and the DSE Shariah Index lost 3.78 points to close at 985.

On the other hand, the Chittagong Stock Exchange also saw a marginal fall with its All Shares Price Index (CASPI)—losing 11 points to close at 13,372 and the Selective Categories Index – CSCX –falling 7.87 points to finish at 8,105.