Stocks down both in Dhaka, Ctg
Dhaka, Mar 14 (UNB) - A day after significant gains, stocks at the Dhaka and Chittagong stock exchanges dropped off 12.80 and 19.98 points respectively on Wednesday.
The benchmark General Index, DGEN, the indicator of Dhaka Stock Exchange (DSE), closed at 4510.91 points after losing 0.28 percent or 12.80 points.
The DSE key index gained 3.98 percent or 173.24 points on Tuesday, the highest in the last two weeks, as investors used low prices as an opportunity to buy shares.
The port city bourse Selective Categories Index, CSCX, closed at 8306.26 losing 19.98 points today.
“It’s a transitional period…big jump can’t be expected right now. It’s usual what the market is behaving now,” market analyst Prof Abu Ahmed said.
He said the country’s stock market (2009-2010) was retail investors-dependent. “Many of the retail investors are out of the market suffering financial losses. The volume of the trade is the sign of that fact.”
The DSE trade volume, however, rose today and stood at Tk 320 crore of Tk 3206.33 million which was Tk 316 crore or Tk 3160.87 million on Tuesday.
The turnover was Tk 142 crore or Tk 1429.58 million on Monday and Tk 127 crore or Tk 1277.591 million on Sunday. The CSE turnover stood at Tk 39.81 crore today.
Of the issues traded at the DSE, only 83 gained, 157 declined and 17 remained unchanged. At the CSE, 46 gained, 128 declined and 10 remained unchanged.
Keya Cosmetics and Berger Paints Bangladesh Limited were the two top movers of the day with 7.23 and 6.01 percent gains on the day. Meanwhile, BEXIMCO and GP were two top shares of the day in terms of value.
The benchmark General Index, DGEN, the indicator of Dhaka Stock Exchange (DSE), closed at 4510.91 points after losing 0.28 percent or 12.80 points.
The DSE key index gained 3.98 percent or 173.24 points on Tuesday, the highest in the last two weeks, as investors used low prices as an opportunity to buy shares.
The port city bourse Selective Categories Index, CSCX, closed at 8306.26 losing 19.98 points today.
“It’s a transitional period…big jump can’t be expected right now. It’s usual what the market is behaving now,” market analyst Prof Abu Ahmed said.
He said the country’s stock market (2009-2010) was retail investors-dependent. “Many of the retail investors are out of the market suffering financial losses. The volume of the trade is the sign of that fact.”
The DSE trade volume, however, rose today and stood at Tk 320 crore of Tk 3206.33 million which was Tk 316 crore or Tk 3160.87 million on Tuesday.
The turnover was Tk 142 crore or Tk 1429.58 million on Monday and Tk 127 crore or Tk 1277.591 million on Sunday. The CSE turnover stood at Tk 39.81 crore today.
Of the issues traded at the DSE, only 83 gained, 157 declined and 17 remained unchanged. At the CSE, 46 gained, 128 declined and 10 remained unchanged.
Keya Cosmetics and Berger Paints Bangladesh Limited were the two top movers of the day with 7.23 and 6.01 percent gains on the day. Meanwhile, BEXIMCO and GP were two top shares of the day in terms of value.
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