Dhaka stocks fall slightly

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FE Report
Dhaka stocks dipped slightly Monday due to price correction after a two-day rally with the turnover remaining steady.
Trading, however, was in the positive territory for the first hour pushing the key index to reach as high as 20 points. Later it turned to the negative territory towards close of the trade because of selling of stocks by the traders to chase the gains.
All the barometres -- the benchmark DSE General Index (DGEN), All Shares Price Index (DSI) and DSE-20, comprising blue chips, -- shed 5.19 points, 4.53 points and 24.17 points to close at 3016.48, 2547.34 and 2317.33 respectively.
"The market took a breather as investors locked in gain after a brief rally," a capital market analyst said and added "the drop in share prices we saw today was not unexpected as ups and downs is the natural sentiment of the market."
Dominated by the losers, the total turnover remained steady at Tk 3.04 billion on the back of huge share trading of AB Bank. But the total market capitalisation declined slightly to Tk 822.93 billion from Sunday's Tk 824.41 billion.
Out of 255 issues traded on the day, prices of 191 declined, 63 advanced and one remained unchanged.
Trading of the Dutch-Bangla Bank was halted for the third straight day as its share price crossed the circuit breaker ceiling with no sellers of the issues. The stock price of the bank posted an 8.94 per cent gains to end at Tk 4564.00 a share.
AB Bank was the top turnover leader with shares worth Tk 224.13 million traded, recording a rise of 3.39 per cent to finish at Tk 3477.50 per share.