Stocks begin week in plunge

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DHAKA, March 21, 2021 (BSS) – Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), began the week extending the losing streak of previous session as the risk-averse investors opted for booking profit on sector-wise issues.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down further by 84.91 points or 1.56 per cent to settle below 5,349. Two other indices also ended lower with the DSE 30 Index, comprising blue chips, slumped 39.31 points to finish at 2,034 and the DSE Shariah Index (DSES) plunged 21.19 points to close at 1,226.

Turnover, a crucial indicator of the market, fell to Taka 6.15 billion, which was 10 per cent lower over the previous day’s turnover of Taka 6.84 billion.

Losers took a strong lead over the gainers, as out of 348 issues traded, 239 declined, 31 advanced and 78 issues remained unchanged on the DSE trading floor.

Beximco – the flagship company of Beximco Group- was the most-traded stock with shares worth about Tk 842 million changing hands, followed by Robi, Beximco Pharma, LankaBangla Finance and LafargeHolcim.

Republic Insurance was the day’s top gainer, posting a gain of 9.68 per cent while Anlimayarn Dyeing was the worst loser, losing 10 per cent.

A total number of 136,516 trades were executed in the day’s trading session with a trading volume of 156.39 million shares and mutual fund units.

The market-cap of DSE also plunged to Taka 4,646 billion on Sunday, down from Taka 4,720 billion in the previous session.

The Chittagong Stock Exchange (CSE) also ended sharply lower with the CSE All Share Price Index – CASPI -losing 263 points to settle at 15,486 and the Selective Categories Index – CSCX shedding 157 points to close at 9,342.