Dhaka, Bangladesh (BBN) – Dhaka stocks lost more than one per cent on Monday, breaking the fourth straight sessions of gaining streak with turnover declined substantially.
Market operators said investors may took some profit as the market gained last four consecutive sessions.
However, some said that media reports regarding scrap the existing money whitening facility for investment in stock market made investors somewhat shaky.
The market gained almost 20 points within 10 minutes upon resumption of day’s trading. After that it started to decline amid moderate ups and down and finally ended 77.24 point lower.
The benchmark general index of Dhaka Stock Exchange–DGEN slipped 77.24 points or 1.47 percent to close at 5,155.14 pints on the day.
Total turnover value declined to BDT 3.60 billion against BDT 5.02 billion in the previous trading session.
Out of 260 issues traded, only 34 advanced, 218 declined while eight remained unchanged.
United Airways was the top turnover chart with shares worth BDT 121.43 million changed hands.
Information Services Network was the day’s highest gainer posting 9.55 percent rise while Apex Spinning was the day’s worst loser and lost 8.79 percent.
Earlier, in the last week, four consecutive sessions, the general index of the DSE gained 4.64 percent or 236.02 points.
BBN/SSR/AD-26Dec11-4:59 pm (BST)