Dhaka, Sunday

26 June 2022

Business Insider Bangladesh

Dhaka stocks see lowest turnover in 13 days

BI Report || BusinessInsider

Published: 21:59, 25 May 2022  
Dhaka stocks see lowest turnover in 13 days

Photo: Representational

The country’s capital market ended in a nosedive on Wednesday after going through a bumpy ride throughout the day.

On the day, along with all indices, turnover decreased with the lowest transaction in 13 working days.

The Dhaka Stock Exchange (DSE) saw a turnover of Tk 513 crore, down by Tk 147 crore from the previous session. It was the lowest since May 5. That day the turnover was Tk 468 crore.

The primary index of DSE fell 23 points on the day as shares of most sectors, including bank-insurance and financial institutions, fell. On the other hand, the Chittagong Stock Exchange (CSE) index decreased by 120 points.

After the rise in the index on Monday, there were two consecutive days of fall on Tuesday and Wednesday. In all, 11 working days out of 14 after Eid have seen the index drop.

Due to this fall, the market capitalisation on the DSE has decreased by Tk 29,543.32 crore.

So, extreme frustration is again rife among ordinary investors in the capital market.

DSEX, the broader index of the Dhaka Stock Exchange (DSE), dropped over 23 points or 0.38 percent to settle at 6,187 at the end of the day.

Among the two other indices, the shariah-based DSES decreased 3.82 points or 0.27 percent and blue-chip DS30 declined 7.06 points or 0.30 percent.

Shares of the 375 companies traded on the day, of which 76 firms gained, 250 lost and 49 remained unchanged.

Beximco Limited’s shares were the most-traded by value on the DSE with Tk 46.44 crore traded on the day.

IPDC Finance, which was the second most-traded stock, had a turnover of Tk 25.93 crore and Shinepukur Ceramics Tk 24.12 crore.

Other top-traded shares were JHRML, Fortune Shoes, ACI Formulations, Square Pharma, GSP Finance, Sonali Paper and BSC.

The miscellaneous sector rose to the top position in terms of transactions. The total turnover in this sector was over Tk 77 crore, which was 15.74 percent of the total turnover.

The pharmaceuticals and chemicals sector were at the second position with nearly Tk 72 crore turnover, followed by financial institution sector at Tk 49 crore.

Meanwhile, the overall index CASPI of the Chittagong Stock Exchange (CSE) decreased 120 points to 18,162 and securities worth Tk 15.13 crore were traded on the day.