Dhaka, Bangladesh (BBN) – Dhaka stocks witnessed sharp decline further on Wednesday and key index plunged more than six per cent to come down bellow the 4,000 points mark to 27 months low as investors sell shares in panic.
The market opened with a negative note and lost more than 140 points within five minutes. The downtrend continued till the market closure amid moderate ups and down and finally ended 266 points lower.
The benchmark General Index of the DSE (DGEN), the yardstick of the market, plummeted 266.78 points or 6.42 per cent to close at 3,887.18 to 27 month low since November 15, 2009.
Total turnover value stood at BDT 2.70 billion in value terms, against BDT 2.25 billion in previous session.
Almost 97 per cent shares lost in prices on the day as out of 257 issues traded, only 4 advanced, 249 declined and four remained unchanged.
Grameenphone (GP) was the topped turnover chart with shares worth BDT 144.69 million changing hands.
The other turnover leaders were RN Spinning, Beximco Limited, SIBL, National Bank, United Airways, Beacon Pharma, Square Pharma, Fu-Wang Ceramics and BSRM Steels.
In the last one month—January 1 to February 1—the DGEN lost 1,464.56 points as it started the January month 5,351.74 points and it’s stood at 3,887.18 points on February 1.
BBN/SSR/AD-01Feb12-9:45 pm (BST)
