Investors lose Tk 7,111cr as DSE turnover jumps 90%

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Investors lose Tk 7,111cr as DSE turnover jumps 90%

Investors lost Tk 7,111 crore in market capitalisation on the country’s stock exchanges last week, despite a 90 per cent increase in trading turnover on the Dhaka Stock Exchange (DSE).

During the week from October 25 to 29, the DSE’s market capitalisation fell to Tk 6,74,476 crore from Tk 6,81,587 crore at the beginning of the week, representing a decline of 1 per cent.

Meanwhile, the DSE recorded a total turnover of Tk 2,250.38 crore during the week, up from Tk 1,185.62 crore in the previous week. The turnover increased by Tk 1,064.76 crore, or 90 per cent, week-on-week.

The DSE’s benchmark index, DSEX, declined by 33 points, or 0.61 per cent, to settle at 5,417 points. The Shariah-based DSES index fell by 20 points, or 2 per cent, to 1,051 points.

Of the 384 companies that traded on the DSE during the week, prices of 109 advanced, 250 declined and 25 remained unchanged. In percentage terms, 28.38 per cent of the traded securities gained, while 65.10 per cent declined.

On the other hand, the Chittagong Stock Exchange (CSE) recorded a turnover of Tk 123.62 crore during the week. Its broad-based CASPI index dropped 28 points, or 0.18 per cent, to 14,576 points.

A total of 277 companies traded on the CSE during the week. Of them, 114 advanced, 145 declined and 18 remained unchanged.

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