Dhaka, Bangladesh (BBN) – Dhaka stocks went to negative territory again on Thursday amid volatile trading throughout the session with turnover value declined substantially as investors’ sale shares.
The market opened with a positive note, gaining more than 50 points within five minutes.
After that it went to negative and fluctuated several times throughout the session and finally ended more than 77 points lower.
The benchmark general index of the Dhaka stock Exchange, generally known as DGEN, went down by 77.90 points or 1.70 per cent to close at 4,486.98.
Turnover value declined to BDT 1.90 billion against BDT 2.62 billion in the previous session which was almost three months lowest turnover since November 3, last year. On November 3, 2011, turnover value was only BDT 1.82 billion.
Out of 254 issues traded, only 42 advanced, 203 declined and seven remained unchanged.
Grameenphone (GP), topped the turnover chart with shares worth BDT 71.47 million changing hands.
ICB AMCL First Mutual Fund was the day’s highest gainer posting a rise of 9.75 per cent while Metro Spinning was the worst loser and lost 9.77 per cent. After first three consecutive sessions of losses in the week, the Dhaka stocks closed 58 points higher on Wednesday.
BBN/SSR/BB-26Jan-4:45 pm (BST)