Dhaka, Bangladesh (BBN)-Bangladesh’s stocks plunged with turnover falling on Wednesday as the investors went on panic sell-offs.
The market opened with a downward trend which sustained throughout the session.
Key index of Dhaka Stock Exchange (DSE) sheds at 4,716.08 points and Chittagong Stock Exchange (CSE) slumps 119.25 points.
The benchmark index of the Dhaka Stock Exchange (DSE) closed at 4,716.08 points, shedding 63.58 points or 1.33 per cent.
The DS30 index, comprising blue chips, fell 24.62 points or 1.35 per cent to close at 1,788.25. The DSE Shariah Index (DSES) dropped 14.25 points or 1.25 per cent to end at 1,127.57.
DSE turnover dipped to BDT 3.08 billion, which was 32 percent lower than the previous day’s BDT 4.16 billion.
The losers took a strong lead over the gainers as out of 318 issues traded, 241 declined, 51 advanced and 26 remained unchanged on the DSE trading floor.
Bexomco Pharma dominated the day’s top turnover chart with shares of BDT 179 million changing hands followed by, Lafarge Surma Cement, CVO Petrochemical, Saif Powertec and Brac Bank.
Alltex Industries was the day’s best performer, posting a rise of 6.34 percent while ICB Seventh Mutual Fund was the day’s worst loser, slumping by 6.32 percent.
The port city bourse Chittagong Stock Exchange (CSE) also saw steep fall with its Selective Categories Index – CSCX – slumping 119.25 points to end at 8,785.82.
Losers beat gainers 119 to 30, with 19 issues remaining unchanged on the port city bourse that traded 6.48 million shares and mutual fund units with a value of BDT 210 million.