Stock turnover keeps rising

Stocks on the Dhaka Stock Exchange (DSE) dropped today after rising for a day while the turnover of the bourse continued increasing for the last several sessions.

The DSEX, the benchmark index of the premier bourse in Bangladesh, dropped 23 points, or 0.37 per cent, to 6,258.

The DS30, the blue-chip index, advanced 0.21 per cent to 2,210 while the DSES, the index that represents shariah-based companies, increased 0.30 per cent to 1,367.

Turnover, an important indicator of the market, increased by 3.77 per cent to Tk 934 crore. It was Tk 900 crore on the previous trading day.

Of the securities, 49 advanced, 138 declined and 181 remained unchanged.

Aamra Networks posted the highest appreciation, rising 5.74 per cent while Shinepukur Ceramics surged 4.41 per cent. Union Insurance advanced 3.82 per cent. Dhaka Insurance and Sandhani Life Insurance gained more than 3 per cent each.

JMI Hospital Requisite Manufacturing suffered the sharpest fall, sliding 7.53 per cent. Bashundhara Paper Mills dropped 7.13 per cent. Navana Pharmaceuticals and Bangladesh Building Systems also fell more than 6 per cent each.

Genex Infosys was the most-traded stock on the day with its shares worth Tk 61 crore changing hands. Bangladesh Shipping Corporation, Bashundhara Paper Mills, Shinepukur Ceramics, and Aamra Networks also saw significant transactions.

The Caspi, the all-share price index of the Chittagong Stock Exchange, fell 45 points, or 0.24 per cent, to end the day at 18,484.

Of the securities, 42 advanced, 82 declined, and 103 did not show any price movement.

Turnover at the CSE dropped 57 per cent to Tk 17.9 crore. It was Tk 42 crore in the previous session.