Dhaka, Bangladesh (BBN) – Dhaka stocks edged marginally lower on Monday amid volatile trading with fall in turnover value, as the investors booked profit at the later part of the trading session, market operators said.
The market fell due mainly to profit taking on heavy weight banking stocks, as the reports on operating profits of the listed banks were published in various newspapers, they added.
The baking sector which contributed about one-third to the total market capitalization lost 1.58 per cent which was mainly responsible for dragging the general index of the Dhaka Stock Exchange (DSE) in the negative territory.
The market shot up almost 50 points during the first 20 minutes of trading, before sell pressure in banking sector which spread all across the board to some extent saw the index slide down and eventually end the session negative.
The benchmark general index of the DSE, generally known as DGEN, the yardstick of the market, slipped 18.33 points or 0.34 percent to close at 5,333.42.
The broader DSE All Shares Price Index (DSI) went down by 16.95 points or 0.38 per cent to close at 4,442.04. The DSE-20 blue-chip index also declined 12.51 points or 0.31 per cent to close at 3,946.32.
Turnover value declined to BDT 5.94 billion in value term, down by 11.34 percent compared to BDT 6.70 billion in the previous session.
However, prices of most of the issues increased on the day, as out of 264 issues traded, 144 advanced, 110 declined and 10 remained unchanged.
BBN/SSR/AD-03Jan12-1:03 am (BST)
