Dhaka, Bangladesh (BBN) – Dhaka stocks witnessed yet another sharp decline on Monday amid street protests by a section of angry investors.
The market opened with a free fall and lost more than 70 points within first hour of the trading. The downtrend continued throughout the session and the benchmark DSE General Index (DGEN finally ended 109.55 points lower to close at 5,051.67.
The broader DSE All Shares Price Index (DSI) plunged 93.19 points or 2.16 per cent to close at 4,215.74. The DSE-20 blue-chip index also fell 58.55 points or 1.52 per cent to close at 3,782.49.
Turnover value declined to BDT 2.23 billion in value terms against BDT 2.10 billion in the previous session indicating that institutions investors are yet to be fully active in the market.
The losers thrashed the gainers as out of 246 issues traded, only 24 advanced, 2213 declined and nine remained unchanged.
Fu-Wang Ceramics topped the turnover chart with shares worth BDT 91.64 million changing hands.
The other turnover leaders were Beximco Limited, Jamuna Oil, City Bank, Mercantile Bank, United Airways, GP, BSC, Beximco Pharma and Lafarge Surma Cement.
It was followed by HR Textile, Eastern Cables, Prime Life Insurance, Nitols Insurance, Miracle Industries, BOC Bangladesh, Jamuna Oil, Standard Ceramics and Metro Spinning.
Chittagong Vegetable was the day’s highest gainer posting a rise of 8.45 per cent while Phoenix Insurance was the worst loser.
BBN/BB/SI-05Dec11-11:01 pm (BST)