Dhaka, Bangladesh (BBN)– Bangladesh stocks suffered price erosion on Sunday, a day after the heads of the country’s bourses warned the investors of a possible collapse.
The benchmark DSE General Index (DGEN) plummeted by 187.79 points — its second highest single-day drop since November 2001, when it was launched– to close at 7292.54. The Sunday’s drop is 2.51 per cent lower than the all-time-high decline.
The broader All Shares Price Index (DSI) shed 2.51 per cent or 156.64 points to 6067.49. The DSE-20 Index comprising blue chips lost 2.10 per cent or 92.70 points to 4314.34.
On Saturday, the DSE and Chittagong Stock Exchange (CSE) in a joint press briefing rang the warning bell saying the collapse of the market was not far off.
Both the bourses lost on Sunday in all sectors. Losers outnumbered gainers 212 to 25, with three securities remaining unchanged on the DSE. Losers also beat advancers on the country’s port city bourse 151 to 25, with six unchanged.
The DSE traded more than 135.6 million shares and mutual fund units worth BDT 23.64 billion, while the CSE traded more than 16.2 million shares and mutual fund units with a turnover of BDT 2.17 billion.
BBN/SSR/AD-11Oct10-1:29 am (BST)
