Stocks finish week on negative note
Friday, 18 December 2009
FE Report
Dhaka stocks finished the week Thursday on a negative note with the two consecutive sessions in bearish sentiment as the investors opted for profit booking.
The Dhaka Stock Exchange (DSE) resumed trading on the day after a one-day break on the occasion of holiday to mark 'Victory Day' Wednesday.
The benchmark DSE General Index (DGEN) shed 20.70 points or 0.46 per cent to close at 4393.63.
The broader DSE All Shares Price Index (DSI) lost 18.22 points or 0.49 per cent to 3642.03 while the DSE-20 blue chip index gained 5.42 points or 0.21 per cent to 2548.88.
Investors mostly remained active in banking stocks right throughout the day. The banking issues continued to gain on two consecutive sessions, rising marginally by 0.19 per cent.
The daily turnover also corresponded with the main index and fell to Tk 8.35 billion (835 crore), down 24.1 per cent from previous session's Tk 11.0 billion.
After a positive start in first five minutes, the market went through ups and downs for the next hour to reach as low as 4403 points. It then recovered steadily for the next one hour and fifty minutes to reach 4416 points. In the last hour of trading session, the market lost on profit taking and went below the 4,400-mark. It closed at 4393.64 points.
Losers took a strong lead over the gainers as out of 234 issues traded, 61 moved into the positive territory, 171 ended in the negative and two remained unchanged.
Grameenphone continued to slip with a fall of 0.98 per cent to close at Tk 171.10.
All the sectors including non-banking financial institutions (NBFIs), insurer, mutual fund, pharmaceuticals, energy and cement went down on price correction.
Dhaka stocks finished the week Thursday on a negative note with the two consecutive sessions in bearish sentiment as the investors opted for profit booking.
The Dhaka Stock Exchange (DSE) resumed trading on the day after a one-day break on the occasion of holiday to mark 'Victory Day' Wednesday.
The benchmark DSE General Index (DGEN) shed 20.70 points or 0.46 per cent to close at 4393.63.
The broader DSE All Shares Price Index (DSI) lost 18.22 points or 0.49 per cent to 3642.03 while the DSE-20 blue chip index gained 5.42 points or 0.21 per cent to 2548.88.
Investors mostly remained active in banking stocks right throughout the day. The banking issues continued to gain on two consecutive sessions, rising marginally by 0.19 per cent.
The daily turnover also corresponded with the main index and fell to Tk 8.35 billion (835 crore), down 24.1 per cent from previous session's Tk 11.0 billion.
After a positive start in first five minutes, the market went through ups and downs for the next hour to reach as low as 4403 points. It then recovered steadily for the next one hour and fifty minutes to reach 4416 points. In the last hour of trading session, the market lost on profit taking and went below the 4,400-mark. It closed at 4393.64 points.
Losers took a strong lead over the gainers as out of 234 issues traded, 61 moved into the positive territory, 171 ended in the negative and two remained unchanged.
Grameenphone continued to slip with a fall of 0.98 per cent to close at Tk 171.10.
All the sectors including non-banking financial institutions (NBFIs), insurer, mutual fund, pharmaceuticals, energy and cement went down on price correction.