• Tuesday, May 11, 2021
  • Last Update : 12:42 am

Stocks fall as fresh fears over pandemic spook investors

  • Published at 10:15 pm March 27th, 2021
web-DSE-File photo of Dhaka Stock Exchange Limited
File photo of Dhaka Stock Exchange Limited Mehedi Hasan/Dhaka Tribune

During the week, the DSEX lost 107.5 points or 1.98 per cent to close at 5,327.2 points

Indices witnessed sharp losses last week amid weakening sentiment among investors from surging Covid-19 cases. 

During the week, the benchmark index of Dhaka Stock Exchange, DSEX, lost 107.5 points or 1.98 per cent to close at 5,327.2 points. 

Rising positivity rate and number of deaths from Covid-19 have panicked investors despite the regulator's assurance that the market will not be closed as long as banks stay open, reads the Weekly Market Review of EBL Securities.

Efforts from the central bank have not done much to lift up the overall confidence level. 

Bangladesh Bank increased the dividend limit for non-bank financial institutes to 30 per cent dividend (15 per cent cash and 15 per cent bonus), added the weekly review. 

Last week, stocks took a beating from across the board. 

Beximco was the most traded stock of the week with a turnover of Tk 357 crore, contributing 11.9 per cent of the total in the Dhaka bourse. 

The top five stocks which posted the highest weekly gains were Nitol Insurance at 21.1 per cent, Asia Pacific General Insurance at 19.8 per cent, Premier Leasing and Finance at 14.6 per cent, Purabi General Insurance at 11.7 per cent, and Continental Insurance at 11.2 per cent gains over the week.

The top five stocks which posted the highest weekly losses were Anlima Yarn Dyeing at -20.4 per cent, Fine Foods at -13.1 per cent, Bd Thai Aluminium at -12.7 per cent, GBB Power at -12.3 per cent, and Lub-rref (Bangladesh) at -12.3 per cent losses over the week.

Among the traded issues, 53 gained, 221 declined, and 94 remained unchanged during the week on the Dhaka bourse. 

The Dhaka Stock Exchange currently has a market capitalisation of Tk 463,395 crore.

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