Stocks tumbled at opening on Sunday amid growing tension over the impacts of coronavirus outbreak as more two cases of COVID-19 confirmed in Bangladesh.
Within 15 minutes of trading, DSEX, the key index of the DSE, slumped more than 200 points while the CSE All Share Price Index (CASPI) of port city’s bourse plunged 351 points at 10:45am when the report was filed.
“This is an unprecedented fall,” said an analyst at a leading brokerage firm.
The panicked investors have lost confidence on the market over coronavirus outbreak threatening more disruptions to businesses and the global economy which already affected world stock markets, he said.
The DSEX went down by 209 points or 4.65 per cent to stand 3,940 points at 10:45am.
Two other indices also saw steep fall. The DS30 index, comprising blue chips, fell 64 points to reach at 1,317 and the DSE Shariah Index lost 43 points to stand at 914 points till then.
Turnover, one of the important indicators of the market, stood at Tk 611 million on DSE when the report was filed.
Of the issues traded till then, only 7 advanced, 303 declined, and 6 remained unchanged on the DSE trading floor.
The Chittagong Stock Exchange (CSE) also saw a steep fall till then with the CASPI losing 351 points to stand at 12,291 points, also at 10:45am.
The Selective Category Index (CSCX) also plunged 214 points to stand at 7,447 points till then.
Of the issues traded till then, no issues advanced, 86 declined, and 4 issues remained unchanged with Tk 8.0 million in turnover.
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