Stocks witness big fall

Staff Correspondent

5 April, 2021 12:00 AM printer

Stocks witness big fall

Stocks witnessed a big fall on Sunday as investors dumped their holdings amid fears over the adverse impact of the coronavirus lockdown in the country.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 181 points or 3.44 per cent to settle at 5,088.

Two other indices also saw a sharp decline with the DSE30 Index, comprising blue chips, dropped 82.17 points or 4.14 per cent to finish at 1,901 and the DSE Shariah Index (DSES) plunged 36.36 points or 3.02 per cent to close at 1,166.

Turnover, a crucial indicator of the market, stood at Tk 5.21 billion, which was 15 per cent higher than the previous day’s turnover of Tk 4.51 billion.

Losers took a strong lead over the gainers, as out of 324 issues traded, 251 declined, only 7 advanced and 66 issues remained unchanged on the DSE trading floor.

A total number of 121,536 trades were executed in the day’s trading session with a trading volume of 167.87 million shares and mutual fund units.

The market-cap of DSE also plunged to Tk 4,433 billion on Sunday, down from Tk 4,586 billion in the previous session.

Beximco - the flagship company of Beximco Group- was the most- traded stock with shares worth about Tk 701 million changing hands, followed by Robi, Beximco Pharma, Asia Pacific Insurance and LankaBangla Finance.

Newly listed Desh General Insurance was the day’s top gainer, posting a gain of 9.71 per cent while Paramount Insurance was the worst loser, losing 12.27 per cent.

The Chittagong Stock Exchange (CSE) also ended sharply lower with the CSE All Share Price Index – CASPI –losing 542 points to settle at 14,714 and the Selective Categories Index – CSCX tumbling 324 points to close at 8,878.

Of the issues traded, 184 declined, 13 advanced and 19 remained unchanged on the CSE.

The port city’s bourse traded 13 million shares and mutual fund units with a turnover value of Tk 754 million.