Stocks plunged in early trading on Monday, maintaining the previous day’s sharp decline as investors kept their sell-offs on major issues.
Following the previous day’s free-fall, the key index of the DSE lost more than 47 points while the CSE All Share Price Index (CASPI) of port city’s bourse shed more than 100 points within the first 30 minutes amid persistently lackluster trade.
However, the market started to recover after that point. After the first hour into trade, DSEX lost more than 16 points while the CSE All Share Price Index (CASPI) of port city’s bourse shed 77 points at 11:00 when the report was filed.
DSEX, the prime index of the DSE, went down by 16.83 points or 0.30 per cent to stand 5,487 points till then.
The DS30 index, comprising blue chips, lost 11.12 points to reach 2,079 points. However, the Shariah Index (DSES) saw a fractional gain of 0.29 points to stand 1,235 points till then.
Meanwhile, The Bangladesh Bank on Sunday imposed a 30 per cent ceiling on banks’ dividend issuance to strengthen the entities’ capital base, making compliance with the rules mandatory from the year ended on December 31, 2020.
Bangladesh also rolled out the nationwide Covid-19 vaccination drive on Sunday, but there is no positive impact on the stock market.
Turnover, another important indicator of the market, stood at Tk 1.78 billion within the first hour of trading at 11:00 am.
Of the issues traded till then, 87 advanced, 123 declined and 94 remained unchanged.
Beximco - the flagship company of Beximco Group- was the most traded stock till then with shares worth Tk 425 million changing hands, followed by BATBC, Robi, LankaBangla Finance, and Beximco Pharma.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw negative trend till then with CSE All Share Price Index- CASPI- losing 77 points to stand at 15,838, also at 11:00 am.
Of the issues traded till then, 18 gained, 57 declined, and 17 issues remained unchanged with Tk 86 million in turnover.
