Turnover hits below Tk 5.0b-mark

Stocks closed lower for the third running session Tuesday with turnover dipped below Tk 5.0 billion-mark after one month as investors booked profit from some large cap stocks amid captious trading.
The market opened with a negative note and the downward trend continued till the market closure, eventually the prime index of the Dhaka Stock Exchange (DSE) --- DSEX --- ended at 4,763.46 points, shedding 34.50 points or 0.72 per cent.
The other two indices also ended into red. The DS30 index, comprising blue chips lost 8.45 points or 0.49 per cent to close at 1,682.59. The DSE Shariah Index (DSES) dropped 4.98 points or 0.50 per cent to close at 990.74 points.
The total turnover on DSE came down to Tk 4.90 billion, registering 18.71 per cent decline over the previous session's turnover value of Tk 6.03 billion. It was also one month low turnover since Tk 4.56 billion on January 7 last.
However, participation was low, as worries were less severe regarding major correction, while upcoming earning declarations continued to fuel hope, making investors stay watchful, than panicking, the merchant bank said.