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The price indices on the country's two stock exchanges plummeted last week, reflecting a bearish mood in the market while the banking sector was the prominent contributor to the trade turnover.
The General Price Index of the Dhaka Stock Exchange (DSE)), compiled on the basis of average prices, fell by 1.51 per cent or 24.71 points to close at 1613 points.
The week's total turnover, in terms of value , on the DSE stood at Tk 599.90 million following transactions of 8.79 million shares and debentures that registered 9.57 per cent rise from that of the previous week.
The total market capitalisation at DSE, however, increased by 1.50 per cent to close at Tk 208.85 billion.
As on the Chittagong Stock Exchange (CSE), the All Share Price Index moved down 49.56 points or 1.50 per cent to close at 3245.18 points. The turnover also slipped by 30.27 per cent following transactions of 4.02 million shares worth Tk 125.27 million.
The CSE total market capitalisation decreased by 1.33 per cent to close at Tk 212.60 billion.
The market was moderately active, as 230 out of 271 listed securities were traded on the DSE during the week, including 104 gainers, 120 losers and six remaining unchanged.
On the CSE, 116 out of the 213 listed issues were active. Of them, 37 gained, 70 declined and nine remained steady. The banking sector shares contributed over 44 per cent to the trade turnover on the DSE in the week, while it accounted for around 38 per cent of the week's trade turnover on the CSE.
In trading, Dhaka Fisheries performed as the top gainer on the DSE registering 45.65 per cent rise in its price while Northern Jute was the top losing issue, as its price slipped by 22.25 per cent on the DSE.
Gulf Food was the top gaining issue on the CSE with its price being increased by 46.15 per cent over the week. On the other hand, Exim Bank was the top loser of the week on the CSE, as its price dropped by 25.31 per cent.
Pragati Life Insurance was the top trade turnover leader on the DSE, while Rupali Bank was rated as the trade turnover leader on CSE.
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