Dhaka, Bangladesh (BBN)– Dhaka stocks bounced back to positive territory on Wednesday despite low turnover amid a cautious approach of general investors, market operators said.
The benchmark DSE General Index (DGEN) went up by 0.39 percent or 28.16 points to end at 7309.14. The broader DSE All Shares Price Index (DSI) ended at 6054.67, rising 0.39 per cent or 22.24 points. However, the DSE-20 index, including blue chips, rose sharply by 1.49 percent or 68.56 points to 4677.79.
Mainly banking shares pulled up the DGEN, the major index of Dhaka Stock Exchange (DSE). Among the 30 banks traded in the day 28 advanced. However, sectors like textile, insurance, fuel and power, and telecommunication saw themselves in the losers list.
The DGEN experienced heavy ups and downs during the day’s trading. The market opened with a positive note, and the DGEN gained 15 points within five minutes of trading.
However, it wavered between positive and negative territories several times throughout the whole session before closing higher at the end.
On Wednesday, most of the issues lost, though the market closed positive. Among the 256 issues traded in the day, only 67 advanced, 182 declined and seven remained unchanged.
Total turnover in the market declined 21 percent from Wednesday’s value to BDT 7.4 billion although the banking sector turnover increased by 15 percent, the sector contributed 40 percent of day’s turnover value.
BBN/SSR/AD-03Feb11-2:02 am (BST)
