Turnover declines as Dhaka stocks see mixed trading

After days of gains, the DSE index has dipped slightly amid mixed investor activity and a drop in daily turnover

After several days of upward momentum, the benchmark index of the Dhaka Stock Exchange (DSE) has edged down slightly.

On Monday, the DSEX fell by 4.60 points to close at 5,061. The market corrected soon after opening and dipped below the previous day’s value by 11:30am.

A brief surge in buying pushed the index back up around noon, but renewed selling pressure half an hour later dragged it down again.

Turnover also declined, with total transactions amounting to Tk 5.64 billion, down from Tk 6.66 billion the day before.

According to DSE data, the banking sector retained its lead in turnover, followed by the textile sector, which rose to second place as trading volume increased. Pharmaceuticals and chemicals ranked third.

At the close, banks saw Tk 832 million in turnover, textiles Tk 644 million, and pharmaceuticals and chemicals Tk 619 million.

Out of the 395 companies traded on the DSE, prices rose for 156, declined for 163, and remained unchanged for 76.

Among the top gainers were Daffodil Computers, Aramit Limited, and Rahim Textile Mills.

The steepest losers included Jute Spinners, Regent Textiles, and Aramit Cement.