Dhaka, Bangladesh (BBN)– Dhaka stocks extended its losing streak for the fourth straight session on Tuesday with declining turnover value as investors continued their holdings fearing further fall of the market.
The market opened with a positive note, gaining more than 50 points within 10 minutes. After that it started to decline amid moderate ups and down and finally ended 96.94 points lower.
The benchmark general index of the Dhaka Stock Exchange, generally known as DGEN, the main gauge of the market plunged 96.94 points or 1.84 percent to close at 5,156.52.
The broader DSE All Shares Price Index (DSI) slipped 79.51 points or 1.81 per cent to close at 4,305.04. The DSE-20 blue-chip index shed 60.04 percent or 1.54 per cent to close at 3,825.81.
Turnover value came down to BDT 4.07 billion in value terms, which was 24.35 percent lower compared to BDT 5.38 billion in the previous session. This was also lowest turnover value in the year.
The losers took a strong lead over the gainer as out of 260 issues traded, only 32 advanced, 217 declined and 11 remained unchanged.
National Bank topped the turnover chart with shares worth BDT 218.37 billion changing hands.
Fourth ICB was the day’s highest gainer posting a rise of 6.93 percent while Anwar Galvanizing was the worst loser and lost 5.64 percent.
BBN/SSR/AD-10Jan12-5:17 pm (BST)