Dhaka, Bangladesh (BBN)- Dhaka stocks went down for the second straight week that ended on Thursday and its general index with declining turnover value as worried investors sold shares almost throughout the week.
The week witnessed five trading sessions as usual. Among those, four sessions lost 245.44 points while one session gained 81.63 points.
Week-on-week, the benchmark general index of the Dhaka Stock Exchange (DGEN) went down by 163.81 points or 3.53 per cent to close at 4,482.26.
The broader All Shares Price Index (DSI) lost 137.11 points or 3.49 per cent to 3,790.63. The DSE-20 Index comprising blue chips also fell 91.21 points or 2.59 per cent to close at 3,433.35.
Investors seemed somewhat worried and went for selling shares while profit-taking tendency amongst traders triggered the fall almost throughout the week, market operators said.
“The week started with ‘panic sale’ as spontaneous participation dropped suddenly. Later, the investors were cautious and preferred most traded scrips to take exposure,” commented IDLC Investments in its weekly analysis.
Despite downward movement throughout the week, investors were active in top ten value scrips which represented 40 per cent of total turnover, on an average, it added.
Total turnover value dropped to BDT 28.71 billion against BDT 53.56 billion in the previous week. The average daily turnover value came down to BDT 5.74 billion which was 32.49 percent lower compared to previous week’s BDT 8.50 billion.
Out of 281 issues traded, 28 advanced, 251 declined and two remained unchanged in the week.
The market capitalization of the DSE decreased by 2.44 percent in the week, as it was BDT 2,574.58 billion on the opening day of the week and at the end of the week it stood at BDT 2,511.73 billion.
Four companies—The Dacca Dyeing, Fu-Wang Ceramic, Pharma Aids and Samorita Hospital made corporate declaration during the week.
Service and Real Estate gained 16.09 percent, was the biggest gainer of the week followed by IT 8.6 sector percent.
But all of the major sectors were in the red with non-banking financial institutions (NBFIs) 5.39 percent retracing the most, followed by fuel and power 4.44 percent, banks 4.29 percent, pharmaceuticals 2.82 percent and telecommunications down by 0.78 percent.
United Airways topped the week’s turnover chart with shares worth BDT 2.45 billion changed hands during the week.
The other turnover leaders were Jamuna Oil, BSCCL, Olympic Industries, Unique Hotel and Resorts, Meghna Petroleum, Titas Gas, RN Spinning, UCBL and Aamra Technologies.
Aamra Technologies was the week’s highest gainer posting a rise of 29.20 percent, followed by Unique Hotel and Resorts, BSCCL, United Airways, Samorita Hospital, Kohinoor Chemicals, Olympic, Jamuna Oil, Eastern Cables, and Tallu Spinning.
Mutual Funds were slapped heavily after previous weeks’ rally and dominated top ten losers’ list.
The week’s worst losers included Delta Spinners, MBL First Mutual Fund, Prime Finance First Mutual Fund, ICB AMCL Second Mutual Fund, EBL First Mutual Fund, Phoenix Finance First Mutual Fund, Pharma Aids, ICB AMCL Third NRB Mutual Fund and DBH First Mutual Fund.
BBN/SSR/AD-13Oct12-10:50 am (BST)
