Dhaka, Bangladesh (BBN)- Dhaka stocks felt again, breaking three consecutive weeks' gaining streak with declining turnover value as the cautious investors booked profit from their previous purchase.
The week witnessed five trading sessions as usual. Among those, two sessions gained while three sessions lost.
Week-on-week, the benchmark general index of the Dhaka Stock Exchange (DGEN) went down by 36.12 points or 0.77 percent to close at 4,646.07.
The broader All Shares Price Index (DSI) lost 30.16 points or 0.76 percent to 3,927.74. The DSE-20 Index comprising blue chips also fell 50.89 points or 1.42 per cent to close at 3,525.56.
"The market edged down as the investors were seemingly confused following excessive volatility over the last two weeks, putting pressure on the investors' bullish sentiment," commented Lankabangla Securities in its weekly market analysis.
Apparently, they are waiting for the direction or consolidation at this current level of the market, it added.
"Mutual fund sector dominated the top gainers' list in the week as the SEC has provided a draft guideline regarding mutual funds," stated LankaBangla Securities.
The total turnover value stood at BDT 42.53 billion against BDT 53.56 billion in the previous week. The average daily turnover value stood at BDT 8.50 billion which was 20.61 percent lower compared to previous week's BDT 10.71 billion.
Three out of the five major sectors were in the red last week. Fuel and power sector gained the most 1.81 percent, while banks 0.05 percent.
Pharma sector lost 2.18 percent, followed by non-banking institutions (NBFIs) 1.46 percent and telecommunications 0.74 percent.
Out of 282 issues traded, 114 advanced, 163 declined and five remained unchanged in the week.
The market capitalization of the DSE decreased by 0.60 percent in the week, as it was BDT 2,590.13 billion on the opening day of the week and at the end of the week it stood at BDT 2,574.58 billion.
Two companies---Aamra Technologies and Delta Spinners-- made corporate declaration during the week. The two companies recommended 20 percent and 50 percent stock dividends respectively.
United Airways topped the week's turnover chart with shares worth BDT 3.32 billion changed hands, followed by Titas Gas, Jamuna Oil, RN Spinning, BSCCL, UCBL, Meghna Petroleum, Keya Cosmetics, Olympic and Beximco Limited.
Prime Finance First Mutual Fund was the week's highest gainer posting a rise of 39.90 percent, followed by ICB Employees Provident Mutual Fund, Sixth ICB, Grameen Two, ICB AMCL Islamic Mutual Fund, Southeast Bank First Mutual Fund, Fourth ICB, Phoenix Finance First Mutual Fund, Eighth ICB and Trust Bank First Mutual Fund.
The week's worst losers included Aamra Technologies, Imam Button, ICB, Pharma Aids, United Airways, Dulamia Cotton, Sonargaon Textile, Rahima Textile, Jute Spinners and BSCCL.
BBN/SSR/AD-06Oct12-1:30 pm (BST)
