Dhaka stocks passed a bearish week, as
the trade wast made debut two weeks ago. Benchmark index of Dhaka Stock
Exchange, DSE General Index, fell 43.02 points, or 1.44 percent to 2,942.44 on
Thursday, the w centred in Navana CNG shares thaeek's last trading day.
Navana CNG completed share offloading Wednesday, recording
the lowest time in share sales under direct listing method. Investors rushed
for Navana CNG shares speculating a good return in future, market operators
said. “Even the retail investors sold out other sector shares from their
portfolios to take position in the Navana. This selling pressure pulled down
the market,” said an operator.
The huge Navana trade made it top turnover leader on the
premier bourse with 1,60,45,100 shares worth Tk 330.42 crore being traded,
accounting for 14.38 percent of the total turnover. The broader DSE All Share
Price Index dropped 37.23 points, or 1.48 percent to 2,472.72. Operators said
ongoing pre-IPO placements of a number of forthcoming issues and the holy month
of Ramadan have also sent the market into bearish sentiment. Losers beat
advancers 141 to 102. One security remained unchanged.
Both total and daily turnover however rose 0.49 percent to
Tk 2,297.56 crore and Tk 459.51 crore last week. A total of 13,50,47,714 shares
traded on the prime bourse, marking an 8.68 percent fall.
Market capitalisation declined by 1.13 percent to Tk 1,30,855
Renwick Jajneswar, which was the biggest gainer for last
week, advanced by 32.87 percent. Janata Insurance, which declined by 12
percent, was the top loser. Chittagong stocks also marked a fall. The
CSE Selective Categories Index declined by 1.56 percent to 6,537.34 points. The
CSE All Share Price Index slid by 0.87 percent to 10,301.8 points. A total of
2,39,89,814 shares worth Tk 305.73 crore changed hands on the Chittagong Stock
Exchange. Of the traded securities, 81 advanced, 104 declined and four remained
Beximco Pharma topped the turnover leaders on
the port city bourse with 50,42,385 shares worth Tk 81.47 crore being traded on
the port city bourse. Mithun Knitting and Dyeing was the biggest gainer that
advanced by 24.67 percent on the CSE. Federal Insurance was the top loser that
declined by 21.12 percent.