Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Friday, June 5, 2020 06:11:01 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Stock market sees gloomy day as turnover hits 13-year low

  • Twitter
  • Google+
  • Save
  • E-mail
  • Print
Share your thought
Post a comment »
Read all () »

Economic Reporter :
The market remained sluggish Thursday as most of the stocks were traded at their reference floor prices with turnover hitting a 13-year low in the Dhaka Stock Exchange (DSE).
DSEX, the prime index at the DSE, dropped 10 points, or 0.3 percent, to close the day at 3,953.
The Shariah-based DSES index also slipped 3 points, or 0.3 percent, to settle at 916, while the blue-chip index DS30 went down 7 points, or 0.5 percent, to stand at 1,321.
On the other hand, the benchmark index Caspi at the Chittagong Stock Exchange (CSE) inched up 7 points, or 0.06 percent, to close at 11,238.
The market displayed a slide in its intraday performance graph since the beginning of the trading session and carried out this trend till the mid-hours. However, it then gained points slightly and remained flat till the end of the session.
Trading at the premiere bourse remained significantly low as the floor price did not leave much scope for investors to trade amid the Covid-19 stricken stress on the economy, stated the Daily Market Review of UCB Capital Management Ltd.
As a result, turnover at the DSE decreased by 72 percent to Tk42.9 crore Thursday , from Tk152.6 crore in the previous session.
However, turnover at the port city bourse increased by 28 percent from Tk3.6 crore to Tk4.6 crore.  Most of the sectors posted losses Thursday , with the life insurance sector losing the highest 1 percent in the sector return board.
The banking sector posted the highest price appreciation of 1.03 percent as few banks gained artificially due to no adjustment in the floor price after record date, according to the review.
Among the other large-cap sectors, pharmaceuticals lost 0.7 percent price, whereas financial institutions inched up 0.01 percent and telecom gained 0.06 percent.
The pharmaceuticals sector once again contributed the most, 51.5 percent, to the total turnover value, followed by telecom stocks adding 13.4 percent and the banking sector adding 12 percent in the sector-wise turnover distribution board.
Beximco Pharmaceuticals Ltd topped the turnover chart with a turnover value of Tk6.9 crore, closing the day at Tk61.1 per share. The stock was also the worst loser in the losers' table, shedding 7.2 percent.
Linde Bangladesh Ltd was the best performer in the gainers' table, gaining 2.6 percent and closing at Tk1,255.7 per share.
Out of the 309 issues traded on Thursday, only 11 advanced, 36 declined, and 262 remained unchanged on the DSE trading floor.

Add Rate

News Archive

Inside The New Nation

Editorial »

Education needs more allocation in budget to adapt with the new normal

A recent study revealed that the closure of educational institutions due to the coronavirus pandemic, dropout rates will increase significantly at schools which will subsequently cause a rise in child marriage, early pregnancy and child labour. Educationists demanded more budgetary allocation for education sector as part of two/three-year-long Covid-19 response ...

Cricket »

Spinners have chance to shine during saliva ban: Kumble

Cricket chief Anil Kumble hopes a ban on using saliva to shine the ball after the coronavirus shutdown could see a resurgence of spin bowling in Test cricket.The International Cricket Council is expected to order a temporary ban next week on using spit as a shining agent, as part of ...

Entertainment »

Runa Laila getting response for her composed two songs

Entertainment Report :At the end of last year, internationally renowned singer Runa Laila’s two songs were released in two separate YouTube channels. She lent her vocal for a song while noted Indian singer Asha Bhosle rendered another song. In last year November, Runa Laila composed her second song titled Ferate ...

Entertainment »

Nora Fatehi appeals to citizens to donate PPE kits to aid health care fraternity

Nora Fatehi joins Vidya Balan in urging people to donate PPE kits to help our medical fraternity in this tough time. Recently we all have seen Vidya Balan making a donation and requesting citizens to donate PPE kits for our nation's heroes. Now Nora Fatehi makes her sincere appeals to ...

City »

Members of Bangladesh Navy distributing Personal Protective Equipment to the doctors and nurses at Barguna Sadar Hospital recently to fight coronavirus.

Editorial »

More borrowing by govt will add to per head public debt

THE national budget will be placed before the parliament at a cost of Tk 5.569 trillion on June 11 for fiscal year 2020-21 aiming at a GDP growth of 8.2 per cent. The budget is going to be mainly based on bank and non-bank borrowing and will earmark Tk 635.25 ...

City »

Councilor of 26 No Ward of DSCC Hashibur Rahman Manik handing over vegetables among the low-income people free of cost after inaugurating a 'market for one minute'at Abdul Alim Playground in the city on Wednesday.


Sports »

Sky Brown, 11, targets Olympic gold despite horror

Agency :Eleven-year-old skateboarder Sky Brown is still targeting Olympic gold for Britain in Tokyo despite a horrific fall during training in the United States.Brown was rushed to hospital by helicopter after falling in training in California on Thursday.She was reportedly unresponsive on arrival at hospital, with her father Stewart saying ...

Editorial »

Welcome RSC as it takes over factory inspection regime

RMG Sustainability Council (RSC) - a local inspection entity jointly formed by BGMEA and representation of different brands, retailers and trade unions finally started functioning from June 1 taking over from Accord made up by European buyers. The handover basically shows the change of the guard from internationally supervised buyers' ...

City »

Mayor of Dhaka South City Corporation Sheikh Fazle Nur Taposh speaking at the first board meeting of the newly elected councilors of DSCC in Mayor Mohammad Hanif Auditorium of Nagar Bhaban on Tuesday.

Sports »

Kutubuddin Ahmed gets Knight Award of Spain

Sports Reporter :Former secretary general of Bangladesh Olympic Association (BOA) Kutubuddin Ahmed got Knight Award of Spain. It is the highest reward of Spain.Ahmed was one of the organiser of South Asian Games (SA Games) 2010, which was held in Dhaka, the capital city of Bangladesh. He distinguished his name ...

Entertainment »

Shirley on the cover of magazine

This young singer-actor enjoys a terrific fan following on social media. A look at her Youtube channel or a visit to her Instagram page can leave one astonished about her immense popularity among youth and music lovers! That’s Auckland based Shirley Setia for you who comes like a ‘Fresh air ...

Editorial »

Inadequate Covid testing facilities may deteriorate the pandemic situation

THE overwhelming demand for Covid-19 tests has rendered the designated private facilities also unable to offer the tests to test seekers. Now 50 labs, including 17 private ones, are doing the Covid-19 RT-PCR tests after the number of government-run facilities was found inadequate to handle the pressure of the test ...

Football »

Sancho nets hat-trick, joins US killing protest as Dortmund cruise

England winger Jadon Sancho scored a hat-trick and revealed a "Justice for George Floyd" protest message in Borussia Dortmund's 6-1 rout of bottom side Paderborn on Sunday that trimmed Bayern Munich's lead at the top of the Bundesliga to seven points.The outstanding Sancho, who now has 17 goals and 17 ...

Cricket »

Sabbir denies allegation of harassing RCC cleaner

National discard cricketer Sabbir Rahman denied the allegation of harassing a cleaner of Rajshahi City Corporation (RCC) physically as the news spread around social media outlets.Sabbir who earlier was banned a couple of times for his off the field misbehave, admitted, he had some verbal spat with the cleaner, something ...

Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Write a comment to this news