DSE turnover continues to fall

Turnover on the Dhaka Stock Exchange (DSE) continued to fall as Tk 568.87 crore worth of shares were traded in the premier bourse today, down 1.09 per cent from the previous day.

The amount was almost half of the turnover of Tk 1,024.61 crore recorded on January 30.

Market analysts said many institutional investors were inactive and adopted the wait-and-see approach as index was not gained as per their expectation after the national polls.

As a result, the market ended flat with the DSEX—the benchmark index—declining by 1.10 points to 5,686.38.

Of the traded issues, 115 advanced, 180 declined and 51 closed are unchanged.

Monno Ceramics was the most traded share with a turnover of Tk 33.47 crore followed by Singer Bangladesh, United Power Generation, Alif Industries and Bangladesh Submarine Cables.

Phoenix Finance First Mutual Fund was the highest gainer posting 8.77 per cent return while Savar Refractories was the worst loser, shedding 9.94 per cent.

However, Chittagong stocks rose with the bourse’s benchmark index, CSCX, advancing 9.66 points or 0.09 per cent to finish the day at 10,553.17.

Losers beat gainers as 118 declined and 93 advanced, while 35 finished unchanged on the Chittagong Stock Exchange. The port city bourse traded 66 lakh shares and mutual fund units worth Tk 19.53 crore.