FE Report-January 25,2012 Wednesday
Dhaka stocks experienced yet another sharp fall Tuesday chasing its last two days' falling trend and the key index touched the lowest level within the last two years.
The benchmark DSE general index (DGEN) also experienced 15 per cent fall on the day for the first time in the current calendar year.
On the day, the market started with a flying note and gained about 80 points within the first five minutes but afterward it went to negative. For the remaining session, the market fluctuated several times and at last ended the session negative.
The DGEN lost 2.86 per cent or 132.53 points to close at 4,506.09 on the day. The DGEN was stood at 4519 points on December 29, 2009.
All shares price index (DSI) shed 2.83 per cent or 109.94 points to close at 3775.76. The DSE-20 declined by 1.49 per cent or 52.91 points to close at 3484.03.
Among the major sectors, banks and NBFIs went down by 2.09 per cent and 3.26 per cent respectively, while telecommunications, pharmaceuticals and fuel and power shed 2.0 per cent each.
At the end of the day's session, the turnover value stood at Tk 2.33 billion, while it was Tk 2.34 billion in the previous session.
Out of 259 issues traded, only 18 advanced, 230 declined and 11 remained unchanged.
Commenting on the market, DSE President Shakil Rizvi said a negative impact reflected in the market following some recent decisions taken by the government.
"The rumours regarding upcoming monetary policy, liquidity crisis, impatience among the investors and overall economic situation of the country also contributed to the continued market fall," he added.
"All stakeholders of the stock market should maintain coordination for the sake of the market and the investors," Mr Rizvi suggested.
He also urged the investors to face the present situation with patience, as ups and downs is a part of the capital market.
"Once upon a time, the DSE saw a turnover value of only Tk 10 million, whereas the turnover crossed the Tk 30 billion mark one year back. There is nothing to be worried following the recent meager turnover value", Mr Rizvi said.
He also expressed his optimism about restoration of stability in the capital market.
On Tuesday, Beximco Limited topped the turnover chart with shares worth Tk 103.9 million changed hands.
The other turnover leaders were Grameenphone, Jamuna Oil, RN Spinning, United Airways, National Bank, Social Islami Bank, Beacon Pharma, Maksons Spinning and Keya Cosmetics.
The day's top ten gainers were ICB 1st NRB MF, Aziz Pipes, Southeast Bank 1st Mutual Fund, EBL NRB Mutual Fund, 6th ICB MF, Samata Leather, Meghna Pet Industries, Bata Shoes, Jamuna Oil and Zeal Bangla Sugar Mills.
The country's another bourse Chittagong Stock Exchange (CSE) also declined 291.52 points Tuesday to close at 13136.02.
Out of 277 issues traded, 15 advanced, 158 declined and four remained unchanged on the day.
Dhaka stocks experienced yet another sharp fall Tuesday chasing its last two days' falling trend and the key index touched the lowest level within the last two years.
The benchmark DSE general index (DGEN) also experienced 15 per cent fall on the day for the first time in the current calendar year.
On the day, the market started with a flying note and gained about 80 points within the first five minutes but afterward it went to negative. For the remaining session, the market fluctuated several times and at last ended the session negative.
The DGEN lost 2.86 per cent or 132.53 points to close at 4,506.09 on the day. The DGEN was stood at 4519 points on December 29, 2009.
All shares price index (DSI) shed 2.83 per cent or 109.94 points to close at 3775.76. The DSE-20 declined by 1.49 per cent or 52.91 points to close at 3484.03.
Among the major sectors, banks and NBFIs went down by 2.09 per cent and 3.26 per cent respectively, while telecommunications, pharmaceuticals and fuel and power shed 2.0 per cent each.
At the end of the day's session, the turnover value stood at Tk 2.33 billion, while it was Tk 2.34 billion in the previous session.
Out of 259 issues traded, only 18 advanced, 230 declined and 11 remained unchanged.
Commenting on the market, DSE President Shakil Rizvi said a negative impact reflected in the market following some recent decisions taken by the government.
"The rumours regarding upcoming monetary policy, liquidity crisis, impatience among the investors and overall economic situation of the country also contributed to the continued market fall," he added.
"All stakeholders of the stock market should maintain coordination for the sake of the market and the investors," Mr Rizvi suggested.
He also urged the investors to face the present situation with patience, as ups and downs is a part of the capital market.
"Once upon a time, the DSE saw a turnover value of only Tk 10 million, whereas the turnover crossed the Tk 30 billion mark one year back. There is nothing to be worried following the recent meager turnover value", Mr Rizvi said.
He also expressed his optimism about restoration of stability in the capital market.
On Tuesday, Beximco Limited topped the turnover chart with shares worth Tk 103.9 million changed hands.
The other turnover leaders were Grameenphone, Jamuna Oil, RN Spinning, United Airways, National Bank, Social Islami Bank, Beacon Pharma, Maksons Spinning and Keya Cosmetics.
The day's top ten gainers were ICB 1st NRB MF, Aziz Pipes, Southeast Bank 1st Mutual Fund, EBL NRB Mutual Fund, 6th ICB MF, Samata Leather, Meghna Pet Industries, Bata Shoes, Jamuna Oil and Zeal Bangla Sugar Mills.
The country's another bourse Chittagong Stock Exchange (CSE) also declined 291.52 points Tuesday to close at 13136.02.
Out of 277 issues traded, 15 advanced, 158 declined and four remained unchanged on the day.
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