Dhaka, Bangladesh (BBN): Stocks prices plunged for the second consecutive week that ended Thursday with significant declined in turnover as investors went for selling spree amid political unrest and concern over omnibus accounts closeout deadline.
Week-on-week, the DSE Broad Index (DSEX), the benchmark index of the DSE ended the week at 3,973.28 points, after losing 182.17 points or 4.38 per cent.
The General Index of the DSE ---DGEN----plunged 207.33 points or 4.87 per cent to close at 4,047.23.The DSE-30 Index (DS30) also declined 70.96 points or 4.72 per cent to close at 1,431.90.
The Chittagong Stock Exchange (CSE) also suffered loss heavily last week with the CSE Selective Categories Index plunged 403.49 points or 4.87 per cent to close at 7,880.76.
Total turnover on the premier bourse---DSE--- deteriorated further and stood at Tk 14.16 billion, down by 26.64 per cent from previous week’s total of Tk 19.31 billion despite this week witnessed one more trading session compared to previous week.
Consequently, the daily average turnover value declined by 41.31 per cent to Tk 2.83 billion from previous week’s average Tk 4.82 billion as the week featured one trading session more than the previous week.
Of the total 285 companies and mutual fund units were traded during the week, among them 265 declined, 18 advanced and 2 remained unchanged.
The market capitalisation of the DSE, decreased by 3.69 per cent, as it was Tk 2,425.34 billion on the opening day of the week and at the end of the week it stood at Tk 2,335.77 billion.
Summit Purbanchol Power Company dominated the week’s top turnover list with shares worth Tk 1.35 billion changing hands.
Orion Infusion was the week’s highest gainers posting a rise of 7.09 per cent while Modern Dyeing was the week’s worst loser, plunging by 24.15 per cent.
BBN/BB/AD/01Mar-13-6.10pm (BST).