Tk 3,528cr wiped off DSE in a week

Tk 3,528cr wiped off DSE in a week

October 21, 2018 0 By NewsTakers

Star Business Report
Dhaka Stock Exchange lost Tk 3,528.19 crore, or 0.90 percent, from its market capitalisation in the last seven working days as institutional investors preferred small-cap and junk stocks over the good ones.
Only the Investment Corporation of Bangladesh (ICB), a state-owned investment agency, is continuing to support the market, preventing the key index from falling hugely.
Other junk stocks such as Dulamia Cotton rose 9.60 percent, Northern Jute 8.73 percent, Jute Spinners 7.49 percent and Meghna Milk 7.10 percent.
Turnover was up 3.8 percent to Tk 511.44 crore.
Chittagong stocks also fell with the bourse’s benchmark index, CSCX, declining 42.25 points, or 0.49 percent, to finish the day at 10,022.19.
Losers beat gainers as 137 declined, 61 advanced and 34 finished unchanged on Chittagong Stock Exchange.
The port city bourse traded 70.52 lakh shares and mutual fund units worth Tk 18.86 crore.
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Turnover was up 3.8 percent to Tk 511.44 crore. Some 13.07 crore shares and mutual fund units changed hands. Of the traded issues, 96 advanced, 183 declined and 57 closed unchanged on the premier bourse.

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