Stock turnover drops to one-year low

March 3, 2022

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Turnover at the Dhaka Stock Exchange (DSE) hit one-year low today while the index remained flat.

The DSEX, the benchmark index of the DSE, dropped 3 points, or 0.04 per cent, to 6,696 at the end of the day.

Turnover, an important indicator of the market, fell 1.8 per cent to Tk 644 crore at the premier bourse.

This is lowest turnover since April 18 of 2021 when turnover was Tk 602 crore.

Sonali Paper and Board Mills became the most traded stock with shares worth Tk 63 crore changing hands followed by Bangladesh Shipping Corporation, Beximco Ltd, Delta Life Insurance, and Fortune Shoes.

Usmania Glass topped the gainers’ list that rose 9.74 per cent followed by Savar Refractories, Jute Spinners, Hwa Well Textiles, and Mithun Knitting.

NCC Bank Mutual Fund One shed mostly that eroded 8.64 per cent followed by Fareast Finance, Associated Oxygen, Yeakin Polymer, and Crown Cement.

At the DSE, 164 stocks advanced, 140 declined and 75 remained the same.

The Chittagong Stock Exchange (CSE) also plummeted today. The CASPI, the main index of the port city bourse, fell 26 points, or 0.13 per cent, to 19,572.

Among the traded 282 stocks, 118 rose, 113 fell and 51 remained unchanged.

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