DSE turnover sees 44% jump as recovery efforts sway market
Stock exchanges have reset the lower price limit for the securities to be traded on the block board to enhance turnover value without affecting the broad index
The key index of the country's premier bourse Dhaka Stock Exchange (DSEX) started the day off with losing points in the first 50 minutes of trading on Wednesday and then took up an upward trend until the report was filed.
However, turnover at the DSE trading floor has jumped by 44 percent to Tk33.66 crore in the first session.
In the first one-and-half-hours, DSEX, the prime index at the Dhaka Stock Exchange (DSE), increased 1.61 points – or 0.04 percent – to close the session at 3,962.
The Shariah-based DSES index slightly decreased by 0.14 points to settle at 918, while the blue-chip index DS30 went down 1.25 points to stand at 1,324, during the same time frame.
Out of the total 197 issues traded today, only 13 company's share prices advanced, 17 declined, and 167 remained unchanged.
Besides, the port city bourse Chittagong Stock Exchange (CSE) key index also slumped today. CASPI, the key index of CSE, has lost 1.74 points to close at 11,244 by 12:00pm.
Stock exchanges have reset the lower price limit for the securities to be traded on the block board to enhance turnover value without affecting the broad index.
Meanwhile, investors participated cautiously as the floor price mechanism kept them reluctant to make fresh investments, according to the market insider.