Stocks extend losses amid spike in corona

Staff Correspondent

2 April, 2021 12:00 AM printer

Stocks extend losses amid spike in corona

Stocks extended the losing streak for the two consecutive sessions on Thursday as shaky investors continued their sell-offs on sector-wise issues amid spike in Covid-19 infections.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), dropped by 7.63 points or 0.14 per cent to settle at 5,270.

Two other DSE indices also saw a fall. The Shariah-based index, DSES, dropped 0.14 per cent or 1.64 points to close at 1202 points while the DS30 index comprising blue chips settled 0.56 per cent or 11.10 points lower at 1983 points.

Out of 333 issues traded on the DSE, 123 advanced, 100 declined and 110 remained unchanged on Thursday.

A total number of 107,388 trades were executed in the day’s trading session with a trading volume of 140.75 million shares and mutual fund units.

Beximco - the flagship company of Beximco Group- was the most-traded stock with shares worth about Tk 706 million changing hands, followed by Robi, Beximco Pharma, Provati Insurance Company, IFIC Bank and British American Tobacco bangladesh Company Limited. 

Desh General Insurance Company was the day’s top gainer, posting a gain of 9.78 per cent, closely followed by Provati Insurance Company, Nitol Insurance Co, Continental Insurance, CAPM IBBL Islamic Mutual Fund, Purabi Gen. Insurance Company, Sonar Bangla Insurance, Prime Bank, Rahima Food Corporation and Mercantile Insurance Co.

IFIC Bank was the worst loser, losing 12.28 per cent, closely followed by Active Fine Chemicals, ICB Islamic Bank, Asia Pacific General Insurance Co, Khan Brothers PP Woven Bag Industries, BRAC Bank, IDLC Finance, Fine Foods, Appollo Ispat Complex and Bay Leasing & Investment.

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 5.47 points to close at 9,203.

Of the issues traded, 85 declined, 73 advanced and 47 remained unchanged on the CSE.

The port city’s bourse traded 10.14 million shares and mutual fund units with turnover value of Tk 255 million.