Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 747 Tue. July 04, 2006  
   
Business


Bourses witness bearish trend in FY06


The country's bourses witnessed a bearish trend in the just concluded financial year due to tight monetary policy of the government, analysts said.

In FY 2005-06, DSE General Index lost 350.17 points or 21.81 per cent to close at 1339.52 points on June 29 from 1689.69 points on the first trading day of FY06.

Beginning with 1293.11 points, All Share Price Index of the Dhaka Stock Exchange (DSE) decreased to 1040.46 points, losing 252.65 points or 20.61 per cent on the last trading day of the last fiscal year.

DSE-20, comprising blue chips, declined by 532.85 points or 30 per cent to at 1310.85 points from 1843.71 points.

During the last fiscal year, the Chittagong Stock Exchange (CSE) also witnessed down trend in indices. The CSE All Share Price Index lost 479.52 points or 15.11 per cent to close at 2879.19 points on June 29 from 3308.72 points.

CSE Selective Categories Index also declined by 328.01 points or 16.13 points to close at 1992.34 points from 2320.35 points.

Starting with 3124.02 points, CSE-30 climbed down to 2756.60 points, losing 367.41 points or 14.73 per cent.

Throughout the last fiscal year, turnover in DSE declined by 38.86 per cent while CSE witnessed 31.97 per cent fall.

The total turnover in the bourses declined by 37.60 per cent.

Although the stock markets saw a bearish trend, a good number of securities entered the market compared.

A total of 19 companies got listed with the DSE during the last fiscal year while only five companies made their way to the stock market in the previous fiscal year.

Among the listed companies, state-owned electricity company, Dhaka Electric Supply Company, was listed with the DSE on June 18 under direct listing regulations to offload 25 per cent of its shares.