BBN file photo
Dhaka, Bangladesh (BBN)- Bangladesh’s stocks witnessed a sharp decline in early hour of trading on Monday, maintaining the previous day’s steep decline, as panicked investors went on selling spree.
Merchant bankers and stockbrokers alleged that a ‘political rumour’ spread by a vested quarter created panic among the stock investors, prompting them to go for disposing shares.
Following the previous day’s four-and-a-half year’s biggest fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) started the day steep decline.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 117 points while the CSE All Share Price Index (CAPSI) of port city’s bourse slumped 217 points at 10:55am when the report was filed.
DHAKA STOCK EXCHANGE
DSEX, the prime index of the DSE, went down by 116 points or 1.98 percent to reach at 5,771 points at 10:55am.
The two other indices also saw downturn till then. The DS30 index, comprising blue chips also fell 40 points or 1.83 percent to reach at 2,151 points.
The DSE Shariah Index (DSES) lost 24 points or 1.74 percent to stand at 1,353 points till then.
Turnover, the important indicator of the market, stood at Tk 594 million when the report was filed at 10:55am.
Of the issues traded till then, 10 advanced, 247 declined and 18 remained unchanged.
Brac Bank was the most traded stocks till then with shares worth BDT 41 million changing hands, closely followed by Monno Ceramic, LankaBangla Finance, GP and BBS cables.
CHITTAGONG STOCK EXCHANGE
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw a big fall till then with CSE All Share Price Index- CAPSI- losing 217 points to stand at 18,00, also at 10:55am.
The Selective Category Index – CSCX –also lost 133 points to stand at 10,872 points till then.
Of the issues traded till then, 8 gained, 90 declined and 6 issues remained unchanged with BDT 28 million in turnover.
BBN/SSR/SR