Dhaka, Bangladesh (BBN)– The daily trade turnover on the country’s key bourse fell below BDT 4.0 billion-mark once again on Sunday, hitting nearly two months low.
Turnover, a crucial indicator of the market, came down to BDT 3.17 billion on the country’s premier bourse, falling further by 22 per cent over previous session’s mark of BDT 4.05 billion.
It was the lowest single-day transaction in nearly two months since June 23 this year, when the turnover totaled a record also BDT 3.17 billion.
The DS30 index, comprising blue chips, advanced 1.86 points to finish at 1,738. However, the DSE Shariah Index shed 2.54 points to close at 1,154. A total number of 103,483 trades were executed in the day’s trading session with trading volume of 76.93 million shares and mutual fund units.
The market-cap of the DSE stood at BDT 3,695 billion on Sunday, from BDT 3,694 billion in the previous session.
Gainers took a modest over the losers as out of 352 issues traded, 184 closed higher, 118 ended lower and 50 remained unchanged on the DSE trading floor.
The recent bearish trend kept most of the investors in gloomy mood and they maintained cautious stance, taking the market turnover to two months low, according to market operators.
Most of the investors maintained cautious approach amid lack of confidence, government move to divert “idle funds” of state-owned entities, the telecom regulator’s tussle with GP coupled with soaring non-performing loans etc, they added.
On the other hand, the Chittagong Stock Exchange kept losing with its All Shares Price Index (CAPSI) — CASPI-shedding 8.46 points to close at 14,973 and the Selective Categories Index – CSCX – losing 4.0 points to finish at 9,091.