Dhaka, Bangladesh (BBN)- Dhaka stocks fell on Tuesday with declining turnover value amid dawn-to-dusk general strike for the third day enforced by the main opposition Bangladesh Nationalist Party (BNP) and its alliance.
Trading at the country's premier bourse started on time despite strike, as the DSE trading server was logged in by over 200 brokerage houses within the stipulated time, DSE officials said.
The presence of investors at different brokerage houses was relatively thin due to hartal and many of them executed trade over phone.
Meanwhile, the market opened with a positive note, gaining more than 50 points within first half an hour. After that it decline steadily rest of the session and finally ended 31 points lower.
The benchmark General Index of the Dhaka Stock Exchange---(DGEN)---went down by 31.25 points or 0.58 per cent to close at 5,357.00.
The broader All Shares Price Index (DSI) lost 27.70 points or 0.61 per cent to close at 4,491.17. However, the DSE-20 Index comprising blue-chip shares closed flat and gained 0.65 points or 0.01 per cent to close at 3,950.56.
Out of 264 issues traded on the day, 177 declined, 69 advanced and 18 remained unchanged.
The turnover value decline to BDT 8.74 billion, down by 4.06 percent compared to BDT 9.11 billion in the previous session.
A total of 123.23 million shares changed hands on the day against 130.09 million in the previous session. The trade deals also decreased to 167,833 against Tuesday’s 170,656.
The total market capitalization of the DSE stood at BDT 2,760.70 billion against BDT 2,770.92 billion in the previous session.
Grameenphone (GP) topped the turnover chart with shares worth BDT 578.01 million changed hands.
The other turnover leaders were Square Pharma, Beximco Ltd, Meghna petroleum, LankaBangla Finance, GPH Ispat, Summit Power, MI Cement, Jamuna Oil and DESCO.
Keya Cosmetics was the day’s highest gainer posting a rise of 7.67 percent followed by Deshbandhu Polymer, INS Limited, Active Fine, BSRM Steels, Square Pharma, Renata, International Leasing, Golden Son and BSC.
The day’s worst losers included Peoples Insurance, Asia Pacific Insurance, Legacy Footwear, MBL First MF, CVOPRL, Pragati Life Insurance, National Tea Company, Shine Pukur Ceramics, Beximco Synthetics and NLI First MF.
BBN/SSR/AD-24Apr12-4:20 pm (BST)
