Stocks decline further

Staff Correspondent

25 March, 2021 12:00 AM printer

Stocks plunged further on Wednesday as panic-driven investors dumped their holdings amid fears of a fresh wave of the coronavirus.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), dropped by 83.61 points or 1.54 per cent to settle at 5,330.

Two other indices also ended lower with the DSE 30 Index, comprising blue chips, eroded 38.90 points or 1.89 per cent to finish at 2,024 and the DSE Shariah Index (DSES) plunged 16.06 points or 1.29 per cent to close at 1,221.

Turnover, a crucial indicator of the market, fell to below Tk 6.0 billion-mark after one month since February 24 and amounted to Tk 5.80 billion, which was 8.08 per cent lower over the previous day’s turnover of Tk 6.31 billion.

Out of 353 issues traded, 234 declined, 23 advanced and 96 issues remained unchanged on the DSE trading floor.

A total number of 127,078 trades were executed in the day’s trading session with a trading volume of 152.90 million shares and mutual fund units.

The market-cap of DSE also plunged to Tk 4,635 billion on Wednesday, down from Tk 4,700 billion in the previous session.

Beximco - the flagship company of Beximco Group- was the most-traded stock with shares worth about Tk 741 million changing hands, followed by Beximco Pharma, Robi, LankaBangla Finance and newly listed NRB Commercial Bank.

Premier Leasing was the day’s top gainer, posting a gain of 8.47 per cent while recently listed eGeneration was the worst loser, losing 8.42 per cent.

The Chittagong Stock Exchange (CSE) also ended sharply lower with the CSE All Share Price Index – CASPI –losing 247 points to settle at 15,424 and the Selective Categories Index – CSCX shedding 149 points to close at 9,304.

Of the issues traded, 149 declined, 33 advanced and 41 remained unchanged on the CSE.

The port city’s bourse traded 46.04 million shares and mutual fund units with turnover value of Tk 1.77 billion.