Stocks plunge at closing, DSE loses over 388 points in 9 days
Dhaka, June 19 (UNB) - Share prices at the country’s two bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - plunged further at the closing on Tuesday despite a bouncy trend in the early hours of trading.
The bourses maintained the downtrend for nine trading days in a row and the premier bourse lost over 388 points during the period. The average turnover of the DSE during the period stood at Tk 169 crore.
The DSE benchmark index, DGEN, closed at 4403.63 showing a fall of 14.63 points or 0.33 percent though it registered a gain of 31.14 points or 0.70 percent at 11:31 am.
Of the issues traded at the DSE, 90 advanced, 148 declined and 24 remained unchanged.
“Investors had been waiting to hear a positive verdict from the court to make fresh injection of fund,” IDLC Investments Limited said in its daily market analysis.
It said bank (-0.98%) was the most affected sector as investors perceived that new directive from Bangladesh Bank will dampen the sector’s potentiality.
Meanwhile, the CSE key index, CSCX, lost 3.28 to close at 8423.14 despite a gain of 66.35 points till 11:31 am.
Of the issues traded at the CSE, 61 advanced, 83 declined and 35 remained unchanged.
The turnover of the DSE stood at Tk 140 crore while CSE recorded Tk 26.30 crore turnover.
Meanwhile, the DSE authorities advised the investors not to rely on any information obtained from unauthorised sources while making investment.
“While making investment decisions in the capital market, investors shouldn’t rely on any information obtained from unauthorised sources such as facebook,” the bourse said in its web post on Tuesday.
The bourses maintained the downtrend for nine trading days in a row and the premier bourse lost over 388 points during the period. The average turnover of the DSE during the period stood at Tk 169 crore.
The DSE benchmark index, DGEN, closed at 4403.63 showing a fall of 14.63 points or 0.33 percent though it registered a gain of 31.14 points or 0.70 percent at 11:31 am.
Of the issues traded at the DSE, 90 advanced, 148 declined and 24 remained unchanged.
“Investors had been waiting to hear a positive verdict from the court to make fresh injection of fund,” IDLC Investments Limited said in its daily market analysis.
It said bank (-0.98%) was the most affected sector as investors perceived that new directive from Bangladesh Bank will dampen the sector’s potentiality.
Meanwhile, the CSE key index, CSCX, lost 3.28 to close at 8423.14 despite a gain of 66.35 points till 11:31 am.
Of the issues traded at the CSE, 61 advanced, 83 declined and 35 remained unchanged.
The turnover of the DSE stood at Tk 140 crore while CSE recorded Tk 26.30 crore turnover.
Meanwhile, the DSE authorities advised the investors not to rely on any information obtained from unauthorised sources while making investment.
“While making investment decisions in the capital market, investors shouldn’t rely on any information obtained from unauthorised sources such as facebook,” the bourse said in its web post on Tuesday.
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