Dhaka, Bangladesh (BBN): Bangladesh stocks experienced a sharp fall last week that ended Thursday with turnover dropped significantly as investors went for panic driven sell-off four sessions, out of five.
Week-on-week the General Index of the Dhaka Stock Exchange (DGEN) came down bellow 4,400 points mark once again and ended 4,312.20 points, shedding 256.26 points or 5.61 per cent from previous week.
The DSEX went down by 244.42 points or 5.79 per cent to close at 3,979.20 points. The blue-chip index, DS30 posted a steeper loss as it went down by 120.41 points or 7.53 per cent to close at 1,478.27 points.
The port city bourse --- the Chittagong Stock Exchange (CSE) also declined sharply with the Selective Category Index of the CSE lost 493.39 points or 5.91 per cent to close at 7,852.97 points.
The total market turnover for the week stood at BDT 23.46 billion against BDT 42.77 billion in the last week.
The average daily turnover for the week was BDT 4.69 billion, going down by 45.14 per cent over the previous week’s average of BDT 8.55 billion.
The losers took a strong lead over the gainers as out of 295 issues traded during the week at DSE, 235 declined, 52 advanced and eight remained unchanged.
The market capitalisation of the DSE went down sharply by 4.28 per cent as it was BDT 2,611.10 billion in the opening day and at the end week it stood at BDT 2,499.29 billion.
Meghna Petroleum became the week’s top turnover leaders with shares worth BDT 1.78 billion changing hands.
Marico Bangladesh was the week’s highest gainer posting a rise of 25.69 per cent while Progressive Life Insurance
BBN/BB/AD/26Jul-13-5.30pm (BST).