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The turnover of the Dhaka stocks dropped to eight months’ low though the market index returned to a rising trend today after a fall in the last couple of days. ....
Turnover in the domestic stock market nearly hit an eight-month low yesterday as investors are avoiding trade amid fears of a fresh wave of Covid-19 infections, according to analysts. ....
219 DHAKA, Mar 2, 2021 (BSS) – Country’s both bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), today closed trading extending the gaining streak. At DSE, the broad index, DSEX settled at 5,508.27 points with a gain of 81.44 points or 1.50 percent. Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 38.76 points and 16.67 points to settle at 2,108.16 points and 1,245.75 points respectively. On the other hand, DSE’s turnover, a crucial indicator of the market, stood at Taka 8339.449 million from Taka 6180.040 million in the previous session. Gainers took lead over losers as out of 233 issues traded, 233 securities gained price while 44 declined and 233 remained unchanged. ....
The trading was diversified too, he said. Around 32 per cent turnover of the DSE had been concentrated in five to six companies in the last couple of weeks. They were Beximco Ltd, Beximco Pharmaceuticals, BATBC, LankaBangla Finance, and Robi Axiata, DSE data showed. Investors bought various stocks, indicating their renewed hope in the market, he added. For the last few days, junk stocks have been advancing as many investors think these shares would perform better in the future thanks to regulatory steps, said a stock broker. The Bangladesh Securities and Exchange Commission changed the board of directors of five low-performing companies in a bid to improve their performance. The regulator may take similar steps for some other companies. ....