DSE, CSE post massive plunge

Country’s premier bourse, Dhaka Stock Exchange (DSE) closed today witnessing a massive plunge due to panic driven sale by the investors, reports BSS.

The broad index, DSEX closed at 4008.05 points on Monday with a big lossof 279.32 points or 6.51 per cent.

Besides, the two selective indices, Blue Chip index, DSE30 and Shariahindex, DSES also went down by 88.89 points and 69.79 points to settle at1346.11 points and 929.27 points respectively.

Market turnover, another crucial indicator, stood at Taka 4.99 billion,which was higher over previous day’s mark of Taka 4.28 billion.

On the DSE trading floor, a total number of 154,392 trades were executedin today’s trading session with a trading volume of 209.92 millionsecurities.

Loser took a massive lead over gainers as out of 355 issues traded, 2securities gained price while 352 declined and 1 remained unchanged.

The market-cap of the DSE also fell to Taka 3,142 billion, from Taka 3,315billion in the previous session.

Only Mutual Trust Bank gained price in today’s trading session.

Square Pharma topped the turnover chart followed by Grameenphone,LafargeHolcim Bangladesh, Summit Power, Sea Pearl Beach, Brac Bank, Orion Infusion, Bank Asia, VFS Thread and Orion Pharma.

The top 10 losers were – Prime Finance First Mutual fund, AgraniInsurance, Anlima Yarn, Beacon Pharma, CVO PRL, Indo-Bangla Pharma, National Tubes, Oimax Electrode, Peninsula Chittagong and Simtex Industries.

On the other hand, port city bourse, Chittagong Stock Exchange (CSE) alsoclosed at red extending the bearish streak of previous day.

CSCX and CASPI declined by 466.88 points and 769.32 points to stand at7470.67 points and 12328.79 points respectively.

At CSE, a total of 12,736,925 shares and mutual fund of 256 companies weretraded of which, 4 issues advanced while 248 declined and 4 issues remainedunchanged.