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Ten companies led by Beximco Ltd accounted for 24.24 per cent of the total turnover on the Dhaka Stock Exchange (DSE) in the past week that ended on Thursday.
According to the DSE data, as many as 1.19 crore Beximco shares were traded, generating a turnover of Tk 145 crore, making up 5.25 per cent of the week’s total turnover.
Sonali Paper & Board Mills Limited came second on the turnover chart, with shares worth Tk 98.19 crore changed hands, accounting for 3.54 per cent of the week’s total turnover.
Delta Life Insurance Co. Ltd was the third-most traded stocks with shares worth Tk 75.49 crore transacted, which was 2.72 per cent of the week’s total turnover.
The three companies were followed by Intraco Refueling Station Limited (2.22 per cent or Tk 61.62 crore of the week’s total turnover), KDS Accessories Limited (2.17 per cent or Tk 60 crore), Orion Infusion Ltd ( 1.6 per cent or Tk 56.36 crore), Titas Gas (1.99 per cent or Tk 55.05 crore), Fortune Shoes (1.77 per cent or Tk 49.17 crore), British American Tobacco Bangladesh Company ( 1.28 per cent or Tk 35.45 crore) and Shinepukur Ceramics ( 0.8 per cent or Tk 34.72 crore).
Meanwhile, Dhaka stocks extended their downward trend in the past week as the market suffered from dominant selling pressures as investors concerns spiraled due to conservative policies announced by the government to tackle the prevalent power and energy crisis in the country, according to the EBL Securities.
DSEX, the prime index of the Dhaka Stock Exchange, declined by 198 points or 3.1 per cent to settle at 6,127.
Pressure on foreign currency reserves, widening current account deficit, rising inflation, and recently arising energy crisis problems are the key macroeconomic issues concerning the investors, it said. Average turnover declined by 20.8 per cent to settle at Tk 550 crore as against Tk 700 crore in the previous week.
Investors’ sell pressure was primarily concentrated in the textile (15.4 per cent), miscellaneous (11.1 per cent), and pharma (11 per cent) sectors.
No sector was immune from the intense correction observed this week, out of which ceramic (-7.6 per cent), Travel (- 7.3 per cent), and general insurance (-6.5 per cent) were the top losers.
