Stocks fall in thin trade
Thursday, 23 August 2007
FE Report
Shares on the Dhaka Stock Exchange (DSE) fell Wednesday in thin trade as student violence that spread across the country dampened the sentiment of investors, market operators said.
They said prices of majority shares declined pulling down all the market indices by nearly 1.5 per cent. There was selling pressure in the market as investors, wary about the student movement, refrained from buying shares, they said.
On the day, DSE-General Index (DGEN), All Shares Price Index (DSI) and DSE-20 Index (DS20) dipped 33.018 points, 29.442 points and 23.178 points to close at 2335.799, 1939.864 and 1914.210 respectively.
The total turnover declined to Tk 1.441 billion from Tk 1.560 billion on the previous day. The total market capitalisation also dropped to Tk 546.315 billion from its previous Tk 553.174 billion.
Out of 212 traded issues prices of 47 gained, 144 declined and 21 remained unchanged on the day's trading.
The market operators said investors would prefer watching the market to making commitment under the present circumstances.
The indices on the DSE fell for the second consecutive day Wednesday due to the unrest that started from the Dhaka University campus Monday and later spread to other educational institutions. The campus agitation spilled over to streets in cities and towns disrupting communications and affecting businesses.
Market operators feared the stock market might be affected badly if the current situation does not return to normalcy soon.
Desco maintained its position as the turnover leader with traded volume of its shares worth Tk 189.353 million followed by Summit Power Tk 103.021 million, Square Pharma Tk 99.991 million, AB Bank Tk 63.239 million, BRAC Bank Tk 63.079 million, Heidelberg Cement Tk 62.324 million, NBL Tk 61.500 million, Power Grid Tk 58.315 million, UCBL Tk 57.315 million and Uttara Bank Tk 45.171 million.
Summit Power fell 6.18 per cent to Tk 1458.75, Square Pharma 3.78 per cent to Tk 3538.75, AB Bank 3.47 per cent to Tk 1908.00, BRAC Bank 1.09 per cent to Tk 924.50, Power Grid 2.42 per cent to Tk 542.75, UCBL 2.70 per cent to Tk 3608.00 and Uttara Bank 2.06 per cent to Tk 3065.75.
Prices of Desco gained 1.32 per cent to Tk 1048.75, Heidelberg Cement 1.14 per cent to Tk 1153.25 and NBL 0.28 per cent to Tk 1043.75.
Shares on the Dhaka Stock Exchange (DSE) fell Wednesday in thin trade as student violence that spread across the country dampened the sentiment of investors, market operators said.
They said prices of majority shares declined pulling down all the market indices by nearly 1.5 per cent. There was selling pressure in the market as investors, wary about the student movement, refrained from buying shares, they said.
On the day, DSE-General Index (DGEN), All Shares Price Index (DSI) and DSE-20 Index (DS20) dipped 33.018 points, 29.442 points and 23.178 points to close at 2335.799, 1939.864 and 1914.210 respectively.
The total turnover declined to Tk 1.441 billion from Tk 1.560 billion on the previous day. The total market capitalisation also dropped to Tk 546.315 billion from its previous Tk 553.174 billion.
Out of 212 traded issues prices of 47 gained, 144 declined and 21 remained unchanged on the day's trading.
The market operators said investors would prefer watching the market to making commitment under the present circumstances.
The indices on the DSE fell for the second consecutive day Wednesday due to the unrest that started from the Dhaka University campus Monday and later spread to other educational institutions. The campus agitation spilled over to streets in cities and towns disrupting communications and affecting businesses.
Market operators feared the stock market might be affected badly if the current situation does not return to normalcy soon.
Desco maintained its position as the turnover leader with traded volume of its shares worth Tk 189.353 million followed by Summit Power Tk 103.021 million, Square Pharma Tk 99.991 million, AB Bank Tk 63.239 million, BRAC Bank Tk 63.079 million, Heidelberg Cement Tk 62.324 million, NBL Tk 61.500 million, Power Grid Tk 58.315 million, UCBL Tk 57.315 million and Uttara Bank Tk 45.171 million.
Summit Power fell 6.18 per cent to Tk 1458.75, Square Pharma 3.78 per cent to Tk 3538.75, AB Bank 3.47 per cent to Tk 1908.00, BRAC Bank 1.09 per cent to Tk 924.50, Power Grid 2.42 per cent to Tk 542.75, UCBL 2.70 per cent to Tk 3608.00 and Uttara Bank 2.06 per cent to Tk 3065.75.
Prices of Desco gained 1.32 per cent to Tk 1048.75, Heidelberg Cement 1.14 per cent to Tk 1153.25 and NBL 0.28 per cent to Tk 1043.75.