Stock prices fall marginally
November 09, 2009 00:00:00
FE Report
Stock prices fell marginally Sunday with both the DGEN and the DSI losing fractionally, while the DSE-20 gained slightly.
Total turnover, however, again crossed Tk 10.0 billion-mark, 20.7 per cent up against the previous trading day.
All the mutual funds declined, with the whole
sector losing 5.01 per cent on the news of the verdict of the long-awaited case.
Shares worth Tk 10.2 billion (USD 148.1 million) were traded on the first trading day of the week. Out of 237 traded issues, 71 gained, 165 declined and one remained unchanged.
The market started positively gaining about 18 points in the opening five minutes.
The momentum was halted in the next ten minutes, but the market pushed forward in the next fifteen minutes to reach the maximum value for the entire session at 3,441 points.
The market declined to 3,427 mark in the next half an hour, though it recovered steadily in the next seventy minutes. From that point onwards the market kept on loosing on profit taking, with slight recoveries in between, and reached as low as 3,408 with ten minutes to the end of the session. The market gained little at the close of the trading to finish at 3,411.48 mark.
The banking sector carried forward the momentum of the last week, gaining 2.00 per cent. All the banks, except three, advanced with Dutch-Bangla Bank (7.81 per cent) and Uttara Bank (5.58 per cent) being the biggest gainers.