Price indices of the country's two stock exchanges were mixed last week, but experienced lower trade turnover while the banking sector sustained its dominance over the market throughout the week.
On the basis of average prices, the General Price Index of Dhaka Stock Exchange (DSE) lost ground by 0.55 per cent or 9.13 points to close at 1639.82 points from the previous week's 1648.95.
DSE's total turnover for the week, in terms of value, stood at Tk 1.36 billion following transaction of 21.66 million shares and debentures against the previous week's Tk 1.72 billion after transaction of 23.92 million shares registering 21.11 per cent fall over.
The total market capitalisation of DSE, however, increased by 0.44 per cent to close at Tk 207.41 billion from Tk 206.50 billion.
As on the Chittagong Stock Exchange (CSE), the All Share Price Index gained 4.84 points or 0.14 per cent to close at 3311.94 points from 3307.10 points of the previous week. The turnover, in terms of value, however, declined by 20.62 per cent following transation of 9.87 million shares worth Tk 319.51 million against the previous week's total transaction of 402.50 million shares valued at Tk 402.50 million.
The CSE's total market capitalisation, on the other hand, increased by 0.26 per cent to close at Tk 203.85 billion from Tk 203.33 billion of the previous week.
The bourses witnessed moderate trading, as 220 out of 260 listed securities were traded on the DSE during the week and on the CSE only 123 out of the 202 listed issues were active.
At the DSE, 91 issues ended as gainers, 122 performed as losers and seven remained unchanged. On the CSE, 51 gained, 68 declined and four remained unchanged.
The banking sector shares accounted for about 54 per cent of the turnover on the DSE in the week, while it contributed nearly 40.16 per cent to the week's trade turnover on the CSE.
Despite making highest contribution to the trade turnover, the banking sector shares were unable to appear as major gaining issues. The low-priced issues continued to hold ranks as major gainers of the week.
Bangladesh Shipping Corporation was the top gainer with its price rising by around 29 per cent on the DSE. Quasem Silk was the top losing issue on the bourse, as its price plummeted by 16.00 per cent over the week.