DSE turnover sets new record on profit-taking

Turnover at the Dhaka Stock Exchange on Thursday rewrote its all-time high at Tk 647.97 crore, surpassing its previous high of Tk 611.98 crore on March 12.
Dhaka stocks, however, dropped for the fourth day.
‘The movements of two key market indicators are not matching as investors are targeting low-capitalised securities,’ said Mahmood Osman Imam, chairman of the finance department at Dhaka University. He said high-capitalised bank stocks were remained depressed, but low-capitalised companies saw rise in their share prices.
Mahmood said, ‘The market trend also indicates that institutional investors are selling shares to make profits.’
DSE senior vice-president Saiful Islam said, ‘Turnover at the market is rising as investors’ confidence level has increased in recent weeks.’ ‘Entry of three state-owned banks-Janata, Sonali and Agrani- as merchant banks also encouraged investors as the SoBs are expected to play always a supportive role in the market,’ he said.

The New Age