Dhaka, Bangladesh (BBN) – The Dhaka Stock Exchange (DSE) went to negative territory again on Thursday amid volatile trading throughout session, the last trading day of the week, a day after uptrend with lower turnover.
Meanwhile, trading of the shares/units of the 138 companies/Mutual Funds was suspended Thursday on their record date to set a uniform face value at BDT 10 in line with regulatory directives.
“As trading of 138 companies/Mutual Funds was suspended on the day of their record date, turnover value declined substantially. However, investors should not worried about it,” a market operator told BBN.
From December 4, the trading of all listed companies/mutual funds will be traded uniform face value at BDT 10.
However, the market opened with a positive note, gaining more than 19 points within five minutes upon resumption of trading. After that, it started to decline amid volatility and finally ended 31 points lower.
The benchmark general index of the Dhaka Stock Exchange—DGEN slipped 31.79 points or 0.60 per cent to close at 5,236.75, after four hours trading.
The broader DSE All Shares Price Index (DSI) shed 25.88 points or 0.58 per cent to close at 4,377.48.
Turnover value decline to BDT 1.95 billion against BDT 3.19 billion in the previous session.
Out of 128 issues traded, only 22 advanced, 96 declined while 10 remained unchanged.
On Wednesday, the benchmark general index of the DSE —DGEN surged 113.87 points or 2.20 per cent to close at 5,268.55.
BBN/SSR/AD-02Dec11-12:12 am (BST)