Dhaka, Bangladesh (BBN): Stocks ended in green for the second straight week that ended Wednesday with turnover kept drying up, making liquidity situation worse.
The market witnessed only three trading sessions instead of five as Sunday and Thursday was public holiday. In the three day week, DGEN gained 40.93 points in first two sessions while last one lost 38.39 points.
Week-on-week, the General Index of the Dhaka Stock Exchange (DGEN) went up by only 2.54 points or 0.06 per cent to close at 3,938.51 points.
The other two indices, DSEX advanced 10.81 points or 0.28 per cent to close at 3,856.62 while the DS30 was up by 4.11 points or 0.29 per cent to close at 1,416 points.
The Chittagong Stock Exchange also closed marginally higher last week with the Selective Category Index of the CSE rose 35.55 points or 0.46 per cent to close at 7,590.93.
The total turnover for the week further came down to BDT 4.81 billion on the DSE which is 46.74 per cent lower than the previous week’s BDT 9.04 billion.
The daily average turnover of the week stood at BDT 1.60 billion, down by 11.11 per cent from previous week’s average BDT 1.80 billion.
Of the total 284 companies and mutual fund units were traded during the week on the premier bourse, 88 advanced, 175 declined and 21 remained unchanged.
The market capitalisation of the DSE went up slightly by 0.66 per cent as it was BDT 2,295.04 billion in the opening day of the week while it closed at BDT 2,310.27 billion.
Eleven listed companies---Southeast Bank, Lafarge Surma Cement, Linde Bangladesh, Summit Power, Summit Purbanchol Power, First Security Islami Bank, Berger Paints, Singer Bangladesh, BGIC, Reliance Insurance and DBBL made their corporate declaration during the week.
Newly listed Orion Pharma dominated the week’s top turnover list with shares worth BDT 475.55 million changing hands.
Southeast Bank was the week’s highest gainer posting a rise of 12.14 per cent while Golden Harvest Agro Industries was the week’s worst loser, slumping by 22.32 per cent.
BBN/BB/AD/22Mar-13-6.30pm (BST).