Dhaka, Bangladesh (BBN)- Dhaka stocks plunged on Thursday amid an across-the-board slip by major sectors as market continued to suffer liquidity crisis compounded by meager participation by institutions and big players.
The benchmark Dhaka Stock Exchange General (DGEN) slid 2.51 per cent or 183.80 points to 7,125.33, ending the week on a dismal note as small investors rushed to offload their holdings due to lack of good corporate news.
The broader All Shares Price Index (DSI) lost 151.57 points or 2.50 per cent to 5,903.10 while the DSE-20 index comprising blue chip issues finished 88.73 points or 1.90 per cent down to close at 4,589.06.
All sectors retraced on the day. Banks, non-banking financial institutions, telecommunication and fuel & power–the four largest sectors –lost 1.90 percent, 2.43 percent, 1.80 percent, and 2.78 percent respectively.
On Thursday total turnover was BDT 7.37 billion, which was 0.7 percent lower than Wednesday’s total turnover. National Bank was the most traded stock on the day with a turnover of BDT 727.06 million followed by Grameenphone Ltd. with turnover of BDT 311.90 million and United Commercial Bank Ltd. with turnover of BDT 279.57 million
Gemini Sea Food was the highest gainer (6.2 percent) while Alltex Ind. Ltd. was the top loser (-8.3 percent).
BBN/SSR/AD-04Feb11-1:52 am (BST)