DSE turnover hits 9-month high

DSE turnover

Stocks closed flat today amid choppy trading with DSE turnover hitting more than nine-month high.

Trading moved into red and green frequently throughout the session as investors played both sides of fence.

The benchmark index of Dhaka Stock Exchange DSEX rose marginally over 4 points to 4,695.

The DS30 index, comprising blue chips, witnessed fractional fall of 0.7 point to 1,778. The DSE Shariah Index DSES also witnessed fractional drop of 0.3 point to 1,125.

However, the Chittagong Stock Exchange Selective Category Index CSCX moved up 23 points to 8,785.

Strong selling and buying spree helped significant rise in the DSE turnover that stood at Tk6.8 billion. The figure is highest since February 20 this year and around 40% higher compared to the previous session.

Engineering sector turned out to be the most traded sector, contributing over 15% of the total turnover.

General Insurance sector remained the most favourite sector as it registered biggest rise of 1.7%, driven by Krnaphuli Insurance that surged almost 6%.

Textile sector came second soaring 1.2%, followed by non-banking financial institution (almost 1%), telecommunications (0.5%). Most other sectors, including bank, pharmaceuticals, cement, power and ceramics closed flat.

Out of total 322 companies traded on DSE, 153 moved up, 116 down while 53 remained unchanged.

Doreen Power was the most traded share, followed by MJL Bangladesh, LankaBangla Finance, City Bank, Bangladesh Shipping Corporation and BATBC.

Union Capital led the price gainer board with a 9.6% gain while Modern Dyeing led the price loser board with a 6% loss.

Warning: A non-numeric value encountered in /home/customer/www/businessmail.news/public_html/wp-content/themes/MyTheme/includes/wp_booster/td_block.php on line 308