Dhaka, Bangladesh (BBN) – The Dhaka Stock Exchange (DSE) went to red again with passing a most volatile week that ended on Thursday after a week in positive, with significant decline in turnover value amid lower participation of institutional investors.
The week witnessed five trading sessions as usual. Among them three sessions lost sharply while two sessions gained marginally.
During the week, the general index of the Dhaka Stock Exchange, generally known as DGEN, shed 136.55 points or 2.54 percent to close at 5,236.76.
The broader All Shares Price Index (DSI) lost 118.05 points or 2.63 per cent to close at 4,377.48. The DSE-20 Index comprising blue-chip shares also decline 26.99 points or 0.69 per cent to close at 3,881.35.
Market analysts said turnover value decline significantly in the week as trading of the shares/units of the 138 companies/Mutual Funds was on the spot market on Monday, Tuesday and Wednesday and was halted on Thursday following their record date to set a uniform face value at BDT 10 in line with regulatory directives.
The week’s total turnover value came down to BDT 15.53 billion against BDT 33.80 billion in the previous week.
Average daily turnover value stood at BDT 3.10 billion, down by 54.04 percent compared to last week’s average daily turnover value of BDT 6.76 billion.
The market capitalization was BDT 2,656.33 billion on the opening day of the week, and at the end of the week it stood at BDT 2,609.32 billion, a 1.77 per cent lower.
Out of the 267 issues traded during the week, only 49 advanced, 214 declined while four remained unchanged.
Among the financial sectors non-banking financial institutions (NBFIs) was the week’s biggest loser and lost 6.26 percent followed by life insurance which lost 3.65 per cent.
Banks and general insurance retraced more than 2.0 percent each.
Among other major sectors, telecommunications, pharmaceuticals and fuel and power sectors lost 2.83 percent, 2.06 percent and 0.74 percent respectively.
Tannery sector was the only gainer of the week and gained 1.54 percent.
United Airways topped the week’s turnover chart with shares worth BDT 648.79 billion changing hands.
Jamuna Oil was the week’s highest gainer posting a rise of 6.96 percent while Bangladesh Shipping Corporation was the worst loser of the week.
BBN/BB/SI-02Dec11-6:10 pm (BST)