Stock turnover hits 11-month high

Business Desk :
Turnover on the Dhaka Stock Exchange crossed Tk 2,000 crore mark on Sunday thanks to the higher participation from general investors.
The DSEX, the benchmark index of the premier bourse in Bangladesh, rose 46 points, or 0.75 per cent, to 6,401.
Turnover, one of the important indicators of the market, surged 18 per cent to Tk 2,105 crore, which was the highest since last October 7 when turnover was Tk 2,497 crore.
Of the securities, 219 advanced, 102 declined, and 61 did not show any price movement.
Coppertech Industries surged 9.97 per cent, Ratanpur Steel-Rerolling Mills rose 9.95 per cent, and Malek Spinning Mills advanced 9.86 per cent. Other major gainers included Bashundhara Paper Mills and Metro Spinning Mills.
Sonargaon Textiles declined the most, eroding 9.50 per cent. Union Capital, Paper Processing & Packaging, Sunlife Insurance, and Beacon Pharmaceuticals were among the major losers.
Orion Pharmaceuticals was the most-traded stock on the day, with its scrips worth Tk 114 crore. Beximco Ltd, Fortune Shoes, Malek Spinning Mills, and Delta Life Insurance also witnessed significant turnover.
Meanwhile, most shares on Chittagong Stock Exchange (CSE) also rose.
The CASPI, the all-share price index of the bourse in the port city of Chattogram, increased 180 points, or 0.96 per cent, to close at 18,823 at the end of the day.
Of the securities, 191 stocks advanced, 66 declined and 56 remained unchanged.