Stocks in the Dhaka bourse on Sunday continued to witness steady decline in its key index, as the rising cases of Covid-19 in the country and rumours of a second countrywide shutdown has caused panic in the markets.
DSEX, the key index of the Dhaka Stock Exchange (DSE), fell by 84.91 points or 1.56 per cent to end the day at 5,350 points. Turnover stood at Tk 616 crore, 10 per cent lower than the last session.
Out of 348 issues traded, 239 declined, 31 advanced and 78 issues remained unchanged on the DSE.
Beximco - the flagship company of Beximco Group- was the most-traded stock with shares, 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.
Miscellaneous sector dominated the turnover chart covering 16.36 per cent of total turnover.
Following the previous session’s major decline, the market opened on a sharp fall which continued till the closure based on the rumor that the country could be in for a second round of lockdown, said a market review by the International Leasing Securities (ILS.)
Fears of the market shutting down as well caused investors to dump their holdings from all the sectors, it also said.
However, the Bangladesh Securities and Exchange Commission assured that there was no such possibility.
As long as banks were open, so would the bourses, they also said.
However, this apparently fell on deaf ears as not a single sector was able to escape the day’s contraction. As a result, participation in the market remained subdued, said the EBL Securities' market review.
The port city bourse, Chittagong Stock Exchange (CSE), also settled on the red trajectory.
(CSCX) and All Share Price Index (CASPI) declined by 157.8 points and 263.5 points respectively.
