Dhaka, Bangladesh (BBN): Stocks went down sharply for the second straight week that ended Thursday with DGEN dipping below 3,700 point mark as political turmoil took tool heavily on the market sentiment.
The market witnessed five trading sessions as usual. Among them three sessions lost heavily while two sessions gained marginally.
Week-on-week the General Index of the Dhaka Stock Exchange (DGEN) plummeted 137.25 points or 3.62 per cent to close 3,657.04.
The other two indices performed worse, with DSEX, retracing by 173.80 points or 4.72 per cent to close at 3,507.86 while, DS30 was down by 54.82 points or 4.01 per cent to end at 1,310.96 points.
The total turnover for the week stood at BDT 7.28 billion which is 25.5 per cent higher than the last week’s value of BDT 5.80 billion as last week featured four trading sessions only.
The daily average turnover of the week is BDT 1.45 billion, representing a marginal increase of 0.38 per cent from the previous week’s average.
The Chittagong Stock Exchange (CSE) also plunged last week with the Selective Category Index of the CSE declined 331.07 points or 4.56 per cent to close at 6,917.32 points.
Of the total 287 companies and mutual fund units were traded during the week on the premier bourse, among them 37 advanced, 242 declined and 8 remained unchanged.
Newly listed Orion Pharma continued to dominate the week’s top turnover chart with shares worth BDT 462.92 million changing hands.
AB Bank was the week’s highest gainer posting a rise of 20 per cent while National Housing Finance and Investments was the worst loser.
BBN/BB/AD/05April-13-8.05pm (BST).