Stocks continue to fall

Staff Correspondent

9 February, 2021 12:00 AM printer

Stocks continue to fall

Stocks continued to fall on Monday as investors kept their panic sell-offs to avoid further losses.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went down by 128.32 points or 2.33 per cent to settle at 5,376.

The DSE 30 Index blue chips plunged 67.64 points or 3.23 per cent to finish at 2,023 and the DSE Shariah Index (DSES) slumped 20.69 points or 1.67 per cent to close at 1,214.

Turnover, a crucial indicator of the market, remained below Tk 8 billion-mark and stood at Tk 7.89 billion, which was 2.33 per cent higher than the previous day’s Tk 7.71 billion.

A total number of 149,881 trades were executed in the day’s trading session with a trading volume of 211.54 million shares and mutual fund units.

Out of 350 issues traded, 236 closed negative, 23 positive and 91 remained unchanged.

Market-cap of the DSE wiped out Tk 107 billion on Monday to Tk 4,583 billion, down from Tk 4,690 billion in the previous day.

Beximco, which lost more than 8.0 per cent, continued to dominate the turnover chart with 19.65 million shares worth Tk 1.40 billion changing hands, followed by Beximco Pharma, British American Tobacco, Robi and LankaBangla Finance.

Anlimayearn Dyeing was the day’s best performer, gaining 5.48 per cent while Shyampur Sugar Mills was the day’s worst loser, shedding 9.69 per cent.

The Chittagong Stock Exchange (CSE) also fell sharply with the CSE All Share Price Index – CASPI –losing 396 points to settle at 15,519 and the Selective Categories Index – CSCX shedding 239 points to close at 9,365.

Of the issues traded, 176 declined, 16 advanced and 36 remained unchanged on the CSE.

The port city’s bourse traded 12.59 million shares and mutual fund units with turnover value of Tk 381 million.