Dhaka, Bangladesh (BBN) – Dhaka stocks slipped back to red again on Tuesday and the key index lost more than three per cent amid volatile trading throughout the session, a day after closed higher.
Market insiders said investors went for buying mood on Monday following the news of meeting with securities regulators and key stakeholders as investors expected positive outcome from the meeting.
But, they disappointed as there is no major positive outcome from the meeting and they went for selling shares to risk free, said a market insider.
The market opened with a positive note, gaining more than 90 points within 10 minutes. After that it fluctuated several times positive and negative zone and finally ended 132 points lower.
The benchmark General Index of the DSE (DGEN), the yardstick of the market, plummeted 132.15points or 3.08 per cent to close at 4,15396.
Total turnover value stood at BDT 2.25 billion almost same compared to previous session’s BDT 2.26 billion.
Out of 259 issues traded, only 21 advanced, 236 declined and two remained unchanged.
Grameenphone (GP) was the top turnover chart with shares worth BDT 114.90 million changing hands.
The other turnover leaders were United Airways, Beximco, SIBL, NBL, Beacon Pharma, FU-Wang Ceramics, Peoples Leasing, UCBL and Zahin Textile.
Second ICB was the day’s highest gainer posting a rise of 7.21 per cent while Al-haj Textile was the worst loser and lost 9.83per cent.
After consecutive sessions of losses, the Dhaka stocks gained 103 points on Monday.
BBN/SSR/BB-31Jan12-9:02 pm (BST)