DSE turnover hits 3-month low
Thursday, 8 November 2012
FE Report
Dhaka and Chittagong stocks continued their losing streak, ending negative for the seventh consecutive session Wednesday with declining turnover value amid lack of institutional participation.
The DGEN plunged 230 points in the last seven consecutive sessions after the festival vacation while turnover on Dhaka Stock Exchange (DSE) hit three-month low on the day.
Market analysts said the continuous slide in the market has sapped investors’ confidence as anticipation of further fall in share price has kept most of the investors at bay.
The DGEN was up by 15 points within the first 30 minutes upon resumption of day's trading and rest of the session it went down amid modest ups and down and eventually ended almost 41 points lower.
The benchmark general index of the Dhaka Stock Exchange (DSE) went down by 40.93 points or 0.93 per cent to close at 4,344.62.
The broader All Shares Price Index (DSI) slipped 33.79 points or 0.91 per cent to 3,667.96. However, the DSE-20 Index comprising blue chips advanced 1.94 points or 0.05 per cent to close at 3,434.79.
The CSE Selective Category Index (CSCX) lost 57.71 points to close at 8,461.14. The CSE All Shares Price Index (CASPI) plunged 95.01 points to 13,285.40 while CSE-30 Index declined 88.80 points to close at 11,294.78.
Dhaka and Chittagong stocks continued their losing streak, ending negative for the seventh consecutive session Wednesday with declining turnover value amid lack of institutional participation.
The DGEN plunged 230 points in the last seven consecutive sessions after the festival vacation while turnover on Dhaka Stock Exchange (DSE) hit three-month low on the day.
Market analysts said the continuous slide in the market has sapped investors’ confidence as anticipation of further fall in share price has kept most of the investors at bay.
The DGEN was up by 15 points within the first 30 minutes upon resumption of day's trading and rest of the session it went down amid modest ups and down and eventually ended almost 41 points lower.
The benchmark general index of the Dhaka Stock Exchange (DSE) went down by 40.93 points or 0.93 per cent to close at 4,344.62.
The broader All Shares Price Index (DSI) slipped 33.79 points or 0.91 per cent to 3,667.96. However, the DSE-20 Index comprising blue chips advanced 1.94 points or 0.05 per cent to close at 3,434.79.
The CSE Selective Category Index (CSCX) lost 57.71 points to close at 8,461.14. The CSE All Shares Price Index (CASPI) plunged 95.01 points to 13,285.40 while CSE-30 Index declined 88.80 points to close at 11,294.78.