Dhaka, Bangladesh (BBN) – Bangladesh’s stocks plunged on Monday after witnessing a roller coaster ride during the session.
The market faced the nosedive as most of the investors were reluctant to make fresh investments, experts said.
Though the market opened with positive mood, but it could not sustain the trend within minutes of the trading and the trend continued till the closing of the session.
Brokers said, the market plunged as investors failed to predict the future.
The key index of Dhaka Stock Exchange shunned 19.73 points while the selective category index of Chittagong Stock Exchange also dropped 19.72 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,560.76 points, after plunging 19.73 points or 0.43 percent.
The DS30 index, comprising blue chips, lost 5.97 points or 0.34 percent to end at 1,741.93.
The DSE Shariah Index (DSES) shed 2.11 points or 0.19 percent to finish at 1,109.90.
DSE turnover dropped to BDT 3.40 billion.
The losers took a strong lead over the gainers as out of 323 traded issues; 185 closed lower, 86 higher and 52 remained unchanged on the DSE trading floor.
Beximco Pharma dominated the day’s turnover chart with shares of BDT 213 million changing hands followed by Olympic, IT Consultants Ltd, City Bank, ACI Formulations Limited and Grameenphone.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, Chittagong Stock Exchange (CSE), closed lower with its Selective Categories Index – CSCX – slumping 19.72 points to end at 8,539.60.
Losers beat gainers 144 to 78, with 30 issues remaining unchanged on the port city bourse that traded 73 million shares and mutual fund units with a value of BDT 2.05 billion.
BBN/SS/ASI