DSE turnover hits nearly two-month low

The daily trade turnover on the prime bourse fell below Tk 4.0 billion-mark once again on Sunday, hitting nearly two months low, as most of the investors were reluctant to make fresh investment.

Turnover, a crucial indicator of the market, came down to Tk 3.17 billion on the country's premier bourse, falling further by 22 per cent over previous session's mark of Tk 4.05 billion.

It was the lowest single-day transaction in nearly two months since June 23 this year, when the turnover totaled a record Tk 3.17 billion.

Market analysts said the recent bearish trend kept most of the investors in gloomy mood and they maintained cautious stance, taking the market turnover to two months low.

A leading broker said most of the investors maintained cautious approach amid lack of confidence, government move to divert "idle funds" of state-owned entities, the telecom regulator's tussle with GP coupled with soaring non-performing loans etc.

However, the port city's bourse, the Chittagong Stock Exchange, kept losing with its All Shares Price Index (CAPSI) -- CASPI-shedding 8.46 points to close at 14,973 and the Selective Categories Index - CSCX - losing 4.0 points to finish at 9,091.

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