DSEX stays afloat while turnover declines 40pc

Business Report :
Stock indices on Tuesday managed to stay afloat amid bargain hunting in a large number of scrips.
However, the weakened confidence due to the sell-off on Monday did not let investors execute their buy-sell decisions and turnover in the Dhaka Stock Exchange (DSE) declined by 40% on Tuesday-to Tk646 crore from Tk1,080 crore.

DSEX, the broad-based index of the premier bourse, opened higher and following some volatility managed to close 0.04% higher at 6,327 points.
The index fell by 0.21% on Monday, mainly due to a round of profit booking from the most actively traded stocks.
Stockbrokers said a number of stocks were coming up from the floor price levels and many of them suffered selling pressure on Monday to come down to the floor price level again.