DSE turnover hits 11-month high amid marginal gains
Due to increased participation, daily turnover at the DSE has crossed Tk600 crore for the first time after March 13, 2019
Stocks closed marginally higher on Wednesday with turnover on the Dhaka bourse hitting an 11-month high.
At the previous session, following the Bangladesh Bank's announcement to provide liquidity support, broad-based indices surged up to 2 percent at both the bourses.
The trail was strong in the morning and indices were up 0.5 percent. But from the second hour of trading session, profit booking took place to push the indices into correction territory.
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At the end of the session, the blue-chip index, DS30 at the Dhaka Stock Exchange (DSE) closed in the marginal red, while broad index DSEX closed 0.2 percent higher at 4,480 points.
Due to increased participation, daily turnover at the DSE has crossed Tk600 crore for the first time after March 13, 2019.
Market went into intraday correction at the second hour and lasted until the closing bell. A number of investors seemed capitalising the recent gains in many stocks, while buy orders also increased. It ended as a neutral day, said a floor trader.
At the end, 160 scrips gained, while 146 lost and price of 49 remained unchanged.
Among the large-cap sectors, non-banking financial institutions exhibited the highest positive movement with 4.15 percent gains in market capitalisation. Telecommunication sector exhibited the maximum negative movement with more than 1 percent loss of market value.
