Dhaka, Bangladesh (BBN)- Turnover at Dhaka Stock Exchange (DSE) dropped sharply on the opening day of the week, on Sunday, as the risk averse investors opted for staying in the sidelines because of securities regulator’s price curbing move.
The benchmark DSE General Index (DGEN) closed at 6670.16 with a meagre gain of 0.25 percent or 16.87 points, lifted by textiles, pharmaceuticals and small-cap companies.
The market flipped between gains and losses, as the investors remained confused over the implementation of the regulators’ move, market operators said.
The broader DSE All Shares Price Index (DSI) was up by 0.28 cent or 15.56 points to 5556.61. The DSE-20 blue chip index rose 0.74 per cent or 28.79 points to 3882.51.
Turnover value, however, dipped 15.5 per cent to BDT 11.5 billion, which is the lowest since April 20 this year.
The major sectors, including telecommunications, bank and non-banking financial institutions (NBFIs) lost the ground.
On Tuesday, the Securities and Exchange Commission (SEC) asked merchant bankers and brokerages to follow a net asset value (NAV) calculation for determining margin ratio at 1:1 to tame the overheated market. The move caused the market to tumble on Wednesday.
Gainers took a modest lead over the losers as out of 243 issues traded, 125 closed positive, 112 negative and six remained unchanged.
BBN/SI/AD-30Aug10-9:57 am (BST)
