Turnover dips further to Tk 2.77 billion on DSE

FE Report | Published: March 21, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

Stocks rebounded Thursday, breaking a week-long losing streak with turnover registering this year's lowest level as lucrative prices lured back opportunistic investors.
The market opened with a positive note and the uptrend continued till the market closure. At the end of the session, the prime index of the Dhaka Stock Exchange (DSEX) went up by 39.91 points or 0.88 per cent to close at 4,558.93 points after hitting two months lowest in last session.
The other two indices also closed positive. The DS30, comprising blue chips gained 11.06 points or 0.68 per cent to close at 1,635.37 points. The DSE Shariah Index (DSES) went up by 5.77 points or 0.58 per cent to close at 989.47 points.
Turnover value on DSE came down to Tk 2.77 billion, registering 18.04 per cent decline over the previous session's value of Tk 3.38 billion, also this year's lowest turnover since Tk 2.64 billion on December 29, 2013.
"The market closed the session in positive zone while registering this year's lowest turnover, so far," commented International Leasing Securities.
"Following the continuous decline in the last few sessions, the market bounced back, as the investors found overall price level of most of the stocks attractive," the International Leasing added.
"Market reacted to reassess the stock's price based on the current environment," commented LanbanglaBangla Securities.
"Investors came for reassessing the recent downtrend in market to revert slightly as market pinned a hope on making money on some large and mid-cap fundamental stocks," said the stock broker.
Thus, benchmark index gave some breathing space in index to traders after a weeklong consolidation, it said.
"Though, future external indicators are glimmering, economic activity under current scenario remained disconsolate and so is investment in capital market," the stock broker added.
"After hitting 44th session lowest in last session, market rebounded as lucrative prices lured back opportunistic investors," said IDLC Investments.
However, since confidence was not solidified enough due to ongoing pessimism, a major portion of investors stayed passive, said the merchant bank.
In addition, falling prices kept a large segment of investors inactive due to their loss-aversion strategy. "These factors hold rush on participation, keeping turnover below Tk 3.0 billion mark, setting a record of 55th session-low," the merchant added.
The gainers took a strong lead over the losers as out of 291 issues traded, 195 advanced, 65 declined and 31 issues closed unchanged on the DSE floor.
All the major sectors gained except pharmaceuticals which lost 0.17 per cent. Food & allied gained the most of 2.19 per cent.
The newly listed Emerald Oil Industries has been the driver for the gain of food & allied that gained 10.4 per cent alone. Banks gained 1.81 per cent, NBFIs 0.95 per cent, fuel & power 0.31 per cent and telecommunications 0.30 per cent.
Activities decreased in the major bourse (DSE) where volume and trade were down 12.77 per cent and 15.25 per cent. A total of 0.082 million trades were executed with 53.17 million securities of trading volume.
The market capitalization of the DSE stood at Tk 2,856.13 billion against Tk 2,838.64 billion in the previous session.
Emerald Oil Industries, which made debut Wednesday, became the top turnover leaders for the second running sessions with shares worth Tk 196.41 million changing hands followed by BSC, Square Pharma, Padma Oil and Lafarge Surrma Cement.
Emerald Oil Industries was also the day's highest gainer; posting a rise of 10.4 per cent while Kohinoor Chemicals was the day's worst losers, slumping by 10 per cent.
The port city bourse --- the Chittagong Stock Exchange (CSE) also ended higher after five sessions lost with its Selective Categories Index - CSCX gained 74.52 points to close at 8,859.65 points.
Gainers beat losers 134 to 65, with 16 issues remaining unchanged at the port city bourse that traded 6.76 million shares and mutual fund units, turnover value of Tk 296.28 million.