UNB, Dhaka
Lack of attention of the new government to the share market took its toll on the Dhaka Stock Exchange (DSE), as it witnessed a sharp fall on Monday, continuing the bearish trend since January 5. Brokers said investors were losing confidence in the market in absence of the new government’s attention to the share market since it assumed office. They said the market got a momentum just before the December 29 election on speculation that the country was heading towards a political stability that would bode well for the market. But, the hopes were shattered by the government’s silence, they added. The DSE General Index (DGEN), the benchmark index, shed 81 points or 3.00 percent to close at 2,596 Monday from Sunday’s 2,677 points. This was the biggest single day fall since November 27 when the benchmark index suffered a 100-point drop.
The All Shares Price Index (DSI) lost 63 points or 2.85 percent to close at 2,147 from Sunday’s 2,210 and the DSE-20 of selective shares shed 47 points or 2.16 percent to close at 2,118 from 2,165 Sunday. The prices of shares fell across the board during the day’s trading while 210 out of the total 246 issues traded on the day incurred losses, only 33 registered gains and three remained unchanged.
The day’s total turnover dropped to Tk 3.21 billion from Tk 3.38 billion Sunday while the market capitalization fell to Tk 998 billion from Tk 1.020 trillion on the previous day.
Shinepukur Ceramics, Beximco, Beximco Pharma, Summit Power, Titas Gas, BSRM Steel, GrameenS2, Uttara Bank, AIMS 1st Mutual Fund and Summit Alliance were the turnover leaders in terms of value.
The day’s volume leaders were AIMS 1st Mutual Fund, Shinepukur Ceramics, GRAMEENS2, Beximco Pharma, Beximco Textiles, Beximco, Maksons Spinning, Quasem Dry Cell, BD Welding and BD Com. Top gainers of the day were Fine Foods, Meghna Pet, Dulamia Cotton, Modern Dyeing, Savar Refractories, Legacy Footwear, Ranga Food, Dhaka Fish, Premier Bank and Dhaka Bank. Top losers were Padma Oil, Janata Insurance, Dandy Dyeing, Paper Processing, Bemco, Al-Haj Textiles, Safco Spinning, Summit Power, Republic General Insurance and Maq Paper.
Courtesy: thebangladeshtoday.com
