Dhaka, Bangladesh (BBN) – Turnover on the Dhaka Stock Exchange (DSE) fell significantly Thursday as investors were reluctant to take fresh investment, the first trading day with the newly launched trading system.
The daily turnover dropped by 68 percent from that of the last trading day to BDT 1.36 billion. It was the 14-month lowest turnover after October 20, 2013, when the figure stood at BDT 1.10 billion.
Along with turnover, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down marginally by 10.69 points or 0.21 percent to close at 4,933.03 points.
The two others indices also closed in the red. The DS30, comprising blue chips lost 3.42 points or 0.18 per cent to close at 1,823.64 points. The DSE Shariah Index shed 0.76 points or 0.06 per cent to close at 1,155.39 points.
The losers took a lead over the gainers as out of 306 issues traded, 148 advanced, 117 declined and 41 remained unchanged on the DSE floor.
Summit Alliance Port Ltd was the most traded stock with shares worth BDT 78.56 million changing hands followed by Quasem Drycells, GP, BD Tai Aluminum and Western Marine Shipyard.
Anwar Galvanizing was the day’s top gainer, posting a rise 7.90 per cent while Modern Dyeing was the worst loser, plunging by 8.85 per cent.
The port city bourse, Chittagong Stock Exchange (CSE) ended in red with its Selective Categories Index – CSCX – lost 32.55 points to close at 9,257.03 points.
Losers beat gainers 129 to 62, with 27 issues remaining unchanged at the port city bourse that traded 7.77 million shares and mutual fund units, turnover value of BDT 250.48 million.
BBN/SSR/AD-11Dec14-11:20 pm (BST)