One of the prime indicators of the capital market, turnover, at the Dhaka Stock Exchange (DSE) dropped by 24 per cent to Tk 1,328.49 crore on June 28 from the registered in the last session, as investors’ participation declined with concerns over the oncoming countrywide strict lockdown.
This is also the lowest turnover in the last one and half months.
But, the DSEX, the key index of the DSE, increased by 0.56 per cent to reach 6,026 points on June 28, after a huge drop in the previous day. The blue-chip index also saw an increase of 0.36 per cent to close at 2,176 points.
By the end of June 28’s trading session on the DSE, 231 companies’ share prices increased, while 108 saw declines and 33 remained unchanged.
On the other hand, the port city bourse Chittagong Stock Exchange’s prime index, CASPI, gained 79 points to reach 17,439 on June 28.
During its market review, EBL Securities stated that the market observed mixed trading activities while many participants engaged in portfolio re-balancing because of the favourable price levels in selective sectors.
On the sector front, textile contributed 22.84 per cent of the total turnover at the DSE, followed by life insurance 13.85 per cent, and bank 10.07 per cent.
Delta Life Insurance topped the turnover leaders’ list with 10.7 per cent participation of the total turnover. The other market movers were Fortune Shoe and Beximco Limited, as investors show the most interest in those shares at the DSE.
In the aftermath of the upward trend, the share prices of life insurance companies increased and investors got their returns from those shares.
Following the price hike, three life insurance companies in Delta Life, Rupali Life and Progressive Life Insurance secured positions among the top ten gainers’ list on the DSE, while Sonali Paper shares saw the highest price hike.
The textile sector lost 1.4 per cent prices as investors were selling those shares to book capital gain, pushing eight textile companies into the top ten losers’ list on the DSE. Safko Spinning shares lost the most on June 28.