Dhaka stocks fell on Tuesday after four-day gains as retail investors went for heavy sell-offs as romours about inclusion of names of some big market players in the investigation report on January's stock market debacle resurfaced on the day.
The benchmark general index of Dhaka Stock Exchange, or DGEN, slid by 80.06 points, or 1.22 per cent, to close at 6,455.80 points on Tuesday from 6,535.87 points on Monday.
Out of the 261 issues traded, 159 declined, 94 advanced and eight remained unchanged.
'Retail investors became nervous again today [Tuesday] after a number of newspapers carried out reports that a large number of big market players will be accused in the probe committee report on the January's share market debacle,' said a stockbroker.
He said throughout the trading session retail investors had discussed about the names who would be included in the probe committee report. 'As a result the DGEN fluctuated heavily throughout the trading session,' he said.
He said some of the investors also went for profit-taking sell-offs after the market had advanced for previous four days.
Share prices increased for four days on rumours that the investigation committee, which might submit its report on Thursday, would not name any individual. Before the four-day bull-run, market was in damp mood for few days after some newspapers
had reported that a large number of big players would be named.
'The rumours surrounding the investigation report has heavily influenced the trading at the bourse in the last two weeks. The fluctuating trend of DGEN will continue until the report is made public,' said another stockbroker.
The turnover of the bourse on Tuesday increased to Tk 1,148.10 crore from that of Tk 1,060.19 crore traded on Monday.
Aftab Auto topped the list of turnover leaders
with 15,74,750 shares worth Tk 48.43 crore traded on the day.
The other top-10 turnover leaders were Confidence Cement, Beximco, Bextex, Union Capital, Bay Leasing and Investment Ltd, Peoples Leasing and Financial Services Ltd, Golden
Son, Titas Gas and Bangladesh Finance and Investment Ltd.
Source: New Age
