DSE turnover drops as holiday mood stays around

Turnover of the Dhaka Stock Exchange (DSE) dropped during the first trading session after Eid-ul-Azha as investors' participation was lower with most still being in a holiday mood, according to market analysts.
Turnover, a key indicator of the market, dropped 33 per cent to Tk 515 crore yesterday from Tk 770 crore on June 26, the last trading session before the Eid holiday.
Other major indicators of the DSE took a similar tumble.
The DSEX, the benchmark index of the country's premier bourse, inched down 7 points, or 0.1 per cent, to close the day at 6,343 points.
The DS30, which represents blue-chip stocks, decreased 0.04 per cent to hit 2,191 points while the DSES, an index comprised of shariah-compliant companies, lost 0.05 per cent to reach 1,376 points.
Of the securities traded, 80 advanced, 116 declined and 169 did not show any price movement.
Many investors are still in a holiday mood and so, turnover was lower in the market, said a mid-level official of a leading stockbrokerage.
Although most trading orders came through phone calls, investors were not active on the trading floor.
So, turnover of the market is expected to increase soon, he added.
Ratanpur Steel Re-Rolling Mills made the highest gain with an increase of 10 per cent. Dacca Dyeing and Manufacturing, Shyampur Sugar Mills, Safko Spinnings Mills, and Fu-Wang Ceramic Industries were among the top gainers as well.
Khulna Printing and Packaging lost the most, shedding 9.8 per cent. Yeakin Polymer, Aziz Pipes, Phoenix Finance 1st Mutual Fund, and Pragati Life Insurance were also on the list of significant losers.
Fu-Wang Ceramic Industries was the most-traded stock with issues worth Tk 17 crore transacted. Khan Brothers PP Woven Bag Industries, Intraco Refueling Station, Rupali Life Insurance Company, and Meghna Life Insurance registered significant turnover as well.
The CASPI, the all-share price index of the Chittagong Stock Exchange, gained 32 points, or 0.17 per cent, to close at 18,734 points.
Of the issues traded, 78 rose, 48 retreated and 36 did not see any price swing.
However, turnover of the port city bourse fell 26 per cent to Tk 66.5 crore.
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