Dhaka, Bangladesh (BBN) – Turnover at the Dhaka Stock Exchange (DSE) crossed BDT 6.0 billion mark after four months on Monday although the indices fell amid volatile trading.
The turnover value increased to BDT 6.30 billion, registering 19.9 percent rise compared to previous session’s BDT 5.25 billion, which is also the highest in four months since April 25.
The market witnessed choppy trading for the first hour upon resumption of the day’s trading, before rallying above 4,400 points level at 1:00 pm. However, aggressive profit taking during the last hour eventually forced the market to close 42 points lower.
The benchmark general index of the Dhaka Stock Exchange (DGEN) went down by 42.15 points or 0.96 per cent to close at 4,341.25.
The broader All Shares Price Index (DSI) lost 35.46 points or 0.95 per cent to 3,672.08. The DSE-20 Index comprising blue chips also went down by 8.89 points or 0.25 per cent to close at 3,419.49.
“Profit taking kept the market calm during the first hour of the day’s session, while subsequent spontaneous buying pressure helped the DGEN to cross 4,400 points at one stage. But, buying binge could not last long as news of bleak hope for Padma Bridge funding by World Bank spread over the bourse, resulting in sharp fall from the day’s peak,” IDLC Investments stated in its daily market analysis.
Investors took precautionary measures and opted for profit taking after the looming confusion regarding Padma Bridge funding, LankaBangla Securities said.
Out of 270 issues traded on Monday, 99 advanced, 147 declined and 24 remained unchanged.
A total of 131.62 million shares changed hands on the day against 109.39 million in the previous trading session. The trade deals also increased to 164,674 against Sunday’s 126,703.
BBN/SSR/AD-28Aug12-8:20 am (BST)
