Dhaka, Bangladesh (BBN) – Dhaka stocks ended marginally lower on Sunday amid volatile trading throughout the session with turnover dive to more than three years low as most of the investor’s adopted wait and see policy.
Market insiders said that most of the investor’s adopted wait and see policy while institutional investors’ are sideline of the market as a result the market closed lower with declining turnover value.
Some said the investors are adopting go slow policy following the DSE election and present political situation prevailing in Bangladesh.
The market opened with a negative note and lost 10 points within five minutes and the downtrend continued throughout the session and finally ended more than 27 points lower.
The benchmark general index of the DSE—DGEN, the yardstick of the market went down by 27.09 points or 0.62 percent to close at 4,317.92.
The broader All Shares Price Index (DSI) slipped 20.68 points or 0.56 percent to close at 3,623.77. The DSE-20 Index comprising blue-chip shares also lost 12.11 points or 0.34 percent to close at 3511.13.
The losers took a strong lead over the gainers as out of 253 issues traded, 73 advanced, 163 declined and 17 remained unchanged.
Turnover value stood at only BDT 1.27 billion which was lowest since17 December 2008. On that day it was recorded at BDT 1.09 billion.
RN Spinning topped turnover chart with shares worth Tk 73.92 million changing hands.
The other turnover leaders were GP, Beximco Pharma, United Airways, Sumit Power, Dacca Dyeing, Jamuna Oil, Titas gas and BSRM Steel.
Samarita Hospital was the day’s highest gainer posting a rise of 8.78 percent. It was followed by MBL First MF, Pioneer Insurance, Pragati Life Insurance, Standard Ceramics, Central Insurance, Prime Life Insurance and Rahim Textile.
The day’s worst losers included Union Capital, Reliance One, Imam Button, First lease International, Singer BD, Fine Foods, RN Spinning, Purabi General Insurance, Apex Spinning and Midas Financing.
BBN/BB/SI-11Mar12-6:40 pm (BST)
