Low activities in stock market during pre- budget trading brought the daily turnover of Dhaka Stock Exchange (DSE) to five-month low with major price index hanging below 4500-point level.
The daily trade value came down to Taka 229.19 crore on Sunday, the opening day of the week when the trade volume dropped to 5.89 crore shares. The daily trade value and volume were Taka 305.34 crore for 7.84 crore shares on Thursday.
The lower transaction kept all three price indices of DSE on the red zone though the fall was marginal. The general DSEX index finished the day 0.32 percent or 14.44 points lower at 4402.50 when the blue-chip DS30 came down by 0.40 percent or 6.47 points to 1597.91 and the Shariah DSES to 981.77, down by 0.31 percent or 3.07 points.
Share prices of 145 companies declined on the day when 109 gained and 33 remained unchanged.
Amid the sluggish trading, only textile and bank managed substantial gain. Especially, textile captured significant 18 percent turnover when HWA Well Tex continued strong presence in the bourse.
Market analysts said trading was losing stream as the first quarter declarations were almost over. Meanwhile, lack of clarity in several macro issues, including budgetary expectations formed a dubious ‘hard to interpret’ outlook for the investors.
The legal procedure centering directors’ share holding in listed companies continued a psychological pressure on buyers. Besides, the finance minister’s announcement of scrapping the scope of legalizing undisclosed money from the next budget made investors more cautious about cash flow to market.
