Dhaka, Bangladesh (BBN)- Dhaka stocks continued to losing streak and fell further more than one per cent on Thursday with turnover dive to 37-month low as ongoing liquidity crisis hearting the market.
However, the market opened with a positive note, gaining more than 30 points within 10 minutes. After that it experienced fluctuation several times in positive and negative zones and finally ended more than 41 points lower.
The benchmark General Index of the DSE (DGEN), the yardstick of the market, plunged 41.52 points or 1.06 per cent to close at 3,845.65.
Earlier on Wednesday, the DGEN came down bellow the 4,000 points mark, losing 266 points or 6.42 for the first time since November 15, 2009 when the index had recorded 3,383 points.
Total turnover value stood at BDT only 1.67 billion against BDT 2.70 billion in previous session which was 37 months low since December 17, 2008 when it was recorded BDT 1.09 billion.
However, on January 20, 2011, turnover value was BDT only 680 million as trading was closed down just after five minutes.
Out of 260 issues traded, 78 advanced, 170 declined and 12 remained unchanged.
Grameenphone (GP) was the topped turnover chart with shares worth BDT 102.71 million changing hands.
Sub 25 per cent Convertible Bonds of BRAC Bank was the day’s highest gainer posting a rise of 5.94 percent while Meghna Conceded Milk was the worst losers and lost 9.94 percent.
BBN/BB/SI-03Feb12-10:25 am (BST)