Stocks down for fifth consecutive day
Thursday, 21 April 2011
FE Report
Dhaka stocks slipped for fifth running session Wednesday amid volatility with low turnover. A small group of investors tried to stage rowdy demonstration protesting the consecutive fall. Police however remained alert to thwart any possible chaos. Investors took conservative view as most of outcomes of probe report are still pending. Also a report regarding restriction for government officials' investment in the stocks made a dent in the trading, said a leading stock broker. The market opened with a negative note, and lost more than 20 points within ten minutes. After that it swung between highest 6,266.56 to lowest 6,113.76 points several times throughout the session and finally closed 117 points lower. At the end of the day, the benchmark DSE General Index (DGEN), the yardstick of the DSE ended at 6,132.65, shedding 117.43 points 1.88 per cent. In the last five trading sessions, the benchmark index DGEN lost 291 points. The broader All Shares Price Index (DSI) slipped 95.09 points or 1.83 per cent to close at 5,101.23. The DSE-20 index comprising blue-chip shares lost 64.26 points or 1.65 per cent to 3,831.57. "The market went into volatility for few days as many investors are in confusion regarding probe Continued to page 20
Dhaka stocks slipped for fifth running session Wednesday amid volatility with low turnover. A small group of investors tried to stage rowdy demonstration protesting the consecutive fall. Police however remained alert to thwart any possible chaos. Investors took conservative view as most of outcomes of probe report are still pending. Also a report regarding restriction for government officials' investment in the stocks made a dent in the trading, said a leading stock broker. The market opened with a negative note, and lost more than 20 points within ten minutes. After that it swung between highest 6,266.56 to lowest 6,113.76 points several times throughout the session and finally closed 117 points lower. At the end of the day, the benchmark DSE General Index (DGEN), the yardstick of the DSE ended at 6,132.65, shedding 117.43 points 1.88 per cent. In the last five trading sessions, the benchmark index DGEN lost 291 points. The broader All Shares Price Index (DSI) slipped 95.09 points or 1.83 per cent to close at 5,101.23. The DSE-20 index comprising blue-chip shares lost 64.26 points or 1.65 per cent to 3,831.57. "The market went into volatility for few days as many investors are in confusion regarding probe Continued to page 20