Dhaka, Bangladesh (BBN) – The Dhaka Stock Exchange (DSE) passed another shocking week that ended on Thursday and slipped for the four straight weeks with turnover hitting three years low.
Market analysts said that the country’s overall economic crisis, tightened monetary policy, lack of investors’ confidence, liquidity crisis and relatively poor performance by some of the companies of their half yearly report, contributing the market fall.
The week witnessed five trading sessions as usual. Among them four sessions suffered huge losses while one session advanced marginally.
In the week, the DSE General Index (DGEN), the yardstick of the market plunged 641.33 points or 14.29 percent to close at 3,845.65 to came down to 27 months low, since November 15, 2009.
The broader All Shares Price Index (DSI) slipped 526.55 points or 14.00 per cent to close at 3,235.36. The DSE-20 Index comprising blue-chip shares also dropped 342.64 points or 9.83 per cent to close at 3,142.94.
This week, total turnover value declined 4.5 percent this week. Turnover value hit more than three years low on Thursday. Turnover value on Thursday stood at BDT 1.68 billion which is the lowest value since December 17, 2008.
The week’s total turnover value stood at BDT 11.51 billion against BDT 12.05 billion in the previous week. Average daily turnover value stood at BDT 2.30 billion against BDT 2.41 billion in the previous week.
All major sectors declined this week with financial sectors suffered heavily this week.
Non-banking financial institutions (NBFIs) lost 19.5 per cent was the biggest loser followed by general insurance 14.2 percent, banks lost 13.3 percent and life insurance 11.8 per cent.
Grameenphone (GP) was the week’s top turnover chart with shares worth BDT 603.57 million changing hands.
BBN/SSR/AD-04Feb12-8:58 am (BST)
