BBN file photo
Dhaka, Bangladesh (BBN) - The core index of the Dhaka bourse fell 133 points or 2.21 percent on Sunday, the biggest single-day fall in the last 55 months, as nervous investors sold shares in bulk, fearing further decline.
However, in terms of percentage, Sunday’s fall is the 32 months highest fall as DSE core index fell 98 points or 2.34 per cent on April 26, 2015.
Market operators said growing political tension coupled with fears of liquidity shortage due to the central bank’s latest directive to slash the limit of banks’ advance-deposit ratio (ADR) kept most of the investors at bay.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), plunged more than 133 points or 2.21 percent to settle at 5,888.
It was the biggest single-day index fall in 55 months years since June 9, 2013.
On June 9 in 2013, DSEX slumped 145 points or 3.60 percent.
Two other indices of the premier bourse also saw sharp declined.
The DS30 index, comprising blue chips, plunged 36 points or 1.63 percent to finish at 2,191 and DSES (Shariah) dropped by 20 points or 1.42 percent to close at 1,377.
The losers took a strong lead over the gainers as out of 336 issues traded, 302 closed lower, 23 higher and 11 remained unchanged on the DSE trading floor.
National Bank topped the turnover chart with shares worth BDT 172 million changing hands, followed by LankaBangla Finance, Square Pharmaceuticals, Beximco Pharma and Alif Industries.
CHITTAGONG STOCK EXCHANGE:
The port city bourse CSE also closed lower with CSE All Share Price Index – CAPSI – shedding 408 points to settle at 18,215 and Selective Categories Index – CSCX – falling 245 points to finish at 11,004.
Here too, the losers beat the gainers as 196 issues closed lower, 13 ended higher and 12 remained unchanged on the CSE.
The port city bourse traded 7.10 million shares and mutual fund units worth nearly BDT 166 million in turnover.
BBN/SS/AD