Dhaka, Bangladesh (BBN): The bourses retraced this week and general index of Dhaka Stock Exchange (DGEN) dipped below 3,700-point mark again with sluggish trading activities in all five sessions of the week.
The market witnessed five trading sessions as usual. Among them one session gained slightly while four sessions lost moderately.
Week-on-week the General Index of the Dhaka Stock Exchange (DGEN) went down by 53.61 points or 1.45 per cent to close at 3,653.88 points.
The DSEX shed 67.70 points or 1.90 per cent to close at 3,503.56 points. The DS30 also lost 13.62 points or 1.03 per cent to close at 1,308.37.
The Chittagong Stock Exchange (CSE) also ended lower last week with the Selective Category Index of the CSE plunged 109.41 points or 1.55 per cent to close at 6,940.24 points.
Market liquidity continued to dry up at DSE as the total turnover further went down to BDT 6.75 billion, which is 15.54 per cent lower from previous week’s total value. The drop in total turnover value in this week is more severe as the last week featured only four trading sessions.
The daily average turnover for the week stood at BDT 1.35 billion compared to BDT 2.0 billion in the last week, which marks a significant decline of 32.43 per cent in turnover over the week.
Of the total 289 companies and mutual fund units were traded during the week on the premier bourse, among them 75 advanced, 208 declined and 6 remained unchanged.
All the major sectors ended in red this week except pharmaceuticals which advanced 1.49 per cent with one of its issue--- Marico Bangladesh gaining 10.2 per cent over the week following its corporate declaration.
The market capitalisation of the DSE went down by 1.22 per cent as it was BDT 2,212.52 billion in the opening day of the week while it closed at BDT 2,185.47 billion.
Eleven listed companies---the IBN Sina, Central Insurance, NCC Bank, Peoples Insurance, Phoenix Insurance, Nitol Insurance, Dhaka Insurance, Reckitt Benckiser, Marico Bangladesh, Bay Leasing and Mercantile Insurance were made their corporate declaration during the week.
Newly listed Bengal Windsor Thermoplastic was the week’s most traded stocks with shares worth Tk 450.47 million changing hands.
Monno Ceramic was the week’s highest gainer posting a rise of 20.53 per cent while Phoenix Finance was the week’s worst loser.
BBN/BB/AD/26Apr-13-6.05pm (BST).