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Turnover dips below Tk 3.0 billion-mark

FE Report | November 12, 2019 00:00:00

Stocks posted a marginal gain on Monday, the first working day of the week as investors continued to show their buying interest on sector-wise shares based on latest earning disclosures.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 9.55 points or 0.20 per cent to settle at 4,781, over the previous session.

Market analysts said optimistic investors took position on sector specific stocks based on the latest quarter's financial performance and year-end dividend declarations, taking the market in green zone.

Lucrative price level and ensuing declarations from some companies also encouraged investors to buy selective stocks, said a leading broker.

He, however, said despite the market ended higher, a section of the investors maintained cautious stance amid recent market volatility reflected in low turnover value.

Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 6.44 points to finish at 1,664 and the DSE Shariah Index gained 1.24 points to close at 1,090.

Turnover, another important indicator of the market, stood at Tk 2.96 billion, which was 19 per cent lower than the previous day's turnover of Tk 3.67 billion.

EBL Securities said investors' participation seemed to be agile in the beginning of the session, but became dull in the second half of the session, dipping turnover below Tk 3.0 billion-mark once again.

The port city's bourse, Chittagong Stock Exchange, also posted marginal gain with the CSE All Share Price Index - CASPI-gaining 37 points to settle at 14,520 and the Selective Categories Index - CSCX -advancing 23 points to finish at 8,821.

Here too, the losers beat gainers, as 105 issues closed lower, 87 ended higher and 37 remained unchanged on the CSE trading floor.

The port city's bourse traded 12.23 million shares and mutual fund units worth Tk 341 million in turnover.


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