The Benchmark General Index DGEN went down sharply to register loss of 4.48%. The market was on the downtrend from the start of trading as media coverage regarding the probe report and possibility of it getting published next week weighed on investor's nerves. The fall became much sharper as during the trading hour the probe report was published online by bdnews24.com. A mixture of panic, safety first, led traders to relinquish their position as the market nose dived without any sign of reversal. The Index had lost close to 300 points and was resting slightly above the 6250 mark upon market closure. Total transaction amounted to BDT 12.24bn, which is 5.09% lower than previous day. The transaction amount was once again satisfactory and indicates that despite the sell off enough buyers were present in the market who went for dip buying. Most of the sectors ended in the red zone as market witnessed selling pressure in majority of the sectors. Banking sector lost 4.4% whereas NBFI, Insurance and Fuel & Power sector lost 5.3%, 4.1% and 3.9% respectively. Other prominent sectors like Pharma, Textile and Cement sector lost 3.4%, 5.2% and 2.7% respectively. Only Mutual Fund sector ended with a gain of 0.7% as 6 Mutual Funds ended in the top 10 gainers list. April 11, 2011 Overview: The DGEN went down by 4.48% to close at 6262.69 points. The total transaction was worth BDT 12.24 bn. Price of 27 Issues appreciated whereas 230 Issues declined and 4 others remained unchanged.
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