Dhaka, Bangladesh (BBN) – Dhaka stocks slipped more than one per cent on Tuesday amid volatile trading throughout the session with turnover value decline further.
However, the market opened with a positive note, gaining more than 30 points within five minutes. After that it started to decline amid moderate ups and down and finally ended 70.63 points lower.
The benchmark Dhaka Stock Exchange (DSE) general index (DGEN) lost 70.63 points or 1.35 percent to close at 5,154.68 on the day.
The broader DSE All Shares Price Index (DSI) shed 60.27 points or 1.37 percent to close at 4,307.55. The DSE-20 blue-chip index also lost 43.73 points or 1.13 per cent to close at 3,826.32.
Out of 257 issues traded, only 50 gained, 200 lost and seven remained unchanged.
Turnover value stood at BDT 2.55 billion against BDT 3.32 billion in the previous session.
As many as 127 listed companies and mutual funds traded on spot market ahead of their record date to set a uniform face value at BDT 10 which was a major cause for turnover fall, market operators said.
Fu-Wang Ceramics topped the day’s turnover chart with shares worth BDT 102.40 million changing hands while First Bangladesh Shilpa Rin Sangstha Mutual Fund was the highest gainer.
The key index of the country’s premier bourse climbed 160.13 points or 3.16 per cent to close at 5,225.31 on Monday.
The benchmark DGEN, the yardstick of the market, shed 308.12 points or 5.73 per cent to close at 5,065.17 on Sunday.
Sunday’s 308 points or 5.73 per cent fall was the largest single day fall since March 13 this year.
BBN/BB/SI-29 Nov11-4:47pm (BST)