DSE turnover hits 15-day low
Despite the sluggish activity, the DSEX, the bourse’s benchmark index, inched up by 2.6 points to close at 5,245, compared to 5,243 in the previous session
The turnover at the Dhaka Stock Exchange (DSE) dropped by over 24% today (20 November), settling at Tk393 crore, marking its lowest point in 15 trading sessions, as investor activity remained sluggish.
According to DSE data, turnover last fell below this level on 30 October, when it stood at Tk346 crore.
Despite the sluggish activity, the DSEX, the bourse's benchmark index, inched up by 2.6 points to close at 5,245, compared to 5,243 in the previous session.
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Performance across other indices was mixed as the DSE Shariah Index increased by 8.59 points to 1,162 points, while the DS30, the blue-chip index of the bourse, declined by 8.26 points to settle at 1,934 points.
Most stocks saw price declines amid sell-offs. Out of the traded stocks, the prices of 113 stocks increased, 183 declined, and 83 remained unchanged.
Although the session began on a positive note, it turned red within minutes as sell-offs intensified. Throughout the trading session, stock prices alternated between brief rises and declines before managing to stay in the green by the end of the session.
In the previous trading session on Tuesday, the DSEX fell by 57 points due to significant sell-offs.
EBL Securities, in its daily market commentary, said the DSEX managed to stay afloat amid lower market participation, primarily due to price appreciation of particular large cap scrips which induced significant corrections, even as overall market sentiment remained subdued, extending the market's waning momentum.
The market volatility persisted throughout the session as investors remained active on both sides of the trading fence, the commentary added.
On the sectoral front, bank stocks accounted for the highest turnover at 17.1%, followed by the food and pharmaceutical sectors, contributing 14.2% and 12.7%, respectively.
Among the day's top performers, Deshbandhu Polymer led with a 9.67% gain to Tk17 per share, followed by Queen South Textile, which rose 9.64% to Tk12.5, and Investment Corporation of Bangladesh (ICB), up 7.86% to Tk72.7.
On the other hand, Shinepukur Ceramics led the losers, dropping 7.09% to Tk13.1 per share, trailed by Style Craft and BD Thai Foods, which fell by 6.97% and 5.91%, respectively.
Meanwhile, the port city bourse, Chittagong Stock Exchange (CSE), also settled on red terrain. Its selected indices (CSCX) and All Share Price Index (CASPI) dropped by 11.1 and 18.9 points, respectively.
