 | Stocks see steepest one-day fall
13 December, 2010
Dhaka stocks plunged Sunday with the benchmark index recording its steepest single-day fall in a decade, pulled down by major price corrections by banks and leading sectors.
The DGEN lost 284.78 points or 3.32 per cent to close at 8295.42 points as the banks -- the market bellwether - went down by 5.88 per cent amid profit taking and increasing signs that years-long bull-run might be finally over.
The DSE said Sunday's fall was the highest it witnessed since the new market barometer was launched in November 2001. The previous biggest fall was on July 25 this year when the market declined by 204.75 points or 3.19 per cent.
The market opened some 50 points up in early trading but lost steam in midday before it made the plunge. There was no late hours rebound the market saw on Wednesday when the DGEN fell 6.37 per cent in the first 80 minutes but clawed back most of the losses as the day progressed.
The broader DSE All Shares Price Index (DSI) fell 235.73 points or 3.31 per cent to end at 6881.38, while the DSE 20 blue chip index shed 198.65 points or 3.88 per cent to end at 4924.71.
Release link:http://www.thefinancialexpress-bd.com/more.php?news_id=120011&date=2010-12-13
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