The Financial Express

Stocks end lower; DSE turnover hits six months low

Turnover dips below 4.0b-mark

| Updated: December 18, 2017 14:58:55

Lankabangla and Fianancial Express Lankabangla and Fianancial Express
DSE turnover hits six months low

Turnover on Dhaka Stock Exchange (DSE) came down to Tk 3.38 billion Sunday, hitting six months low, as investors were reluctant to take fresh exposure in the market ahead of year-closing.

Turnover, the crucial indicator of the market, fell 16 per cent to Tk 3.38 billion, compared to the previous sessions’ Tk 4.02 billion.

It was the lowest single-day transaction in the six months since June 6, this year when turnover was recorded at Tk 3.70 billion.

Market operators said the ongoing pessimism kept investors mostly inactive, bringing the turnover to below Tk 4.0 billion-mark once again.

 “The investors were not confident enough to take fresh position in the stocks in this prevailing bearish trend,” said an analyst at a leading brokerage firm.

Along with low turnover, DSEX, the key index of the Dhaka bourse, went down by 16.92 points or 0.27 per cent to close at 6,213.

The two other indices also closed lower. The DS30 index, comprising blue chips fell 7.88 points or 0.35 per cent to close at 2,239. The DSE Shariah Index (DSES) also lost 3.34 points or 0.24 per cent to finish at 1,373.

The losers took a strong lead over the gainers as out of 332 issues traded, 176 closed lower, 114 closed higher and 42 remained unchanged on the DSE trading floor.

United Power emerged at the day’s turnover chart with shares of nearly Tk 130 million changing hands, closely followed by Paramount Textile, Pharma Aids, Shahjala Bank and Aamra networks.

The port city bourse also closed lower with CSE All Shares Price Index of – losing 32 points to finish at 19,241 points.

The Selective Categories Index of the port city bourse -- CSCX -- also fell 24 points to settle at 11,624.

Losers beat gainers as 128 issues closed lower, 73 closed higher and 37 remained unchanged on the CSE.

The port city bourse traded 7.06 million shares and mutual fund units worth Tk 205 million in turnover.

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