Stock index hits ten-month low
Stocks continued to bleed today for the sixth consecutive day as the investors have been suffering from a lack of confidence because of the forex market volatility.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), tumbled 93 points, or 1.46 per cent, to 6,309 at the end of the day.
It was the lowest since July 15 last year.
In the last six days, the index plunged by 388 points.
The DSE's turnover fell to Tk 762 crore that was Tk 779 crore on the previous day.
At the DSE, 42 stocks advanced, 310 declined and 29 remained unchanged.
Meanwhile, both the DS30, blue-chip index, and DSES, Shariah based index, lost 27 points and 17 points respectively.
S. Alam Cold Rolled Still Mills topped the gainers' list with about 9.48 per cent rise. Bangas Ltd, Bangladesh Industrial Finance, BD Thai Food & Beverage, and Beach Hatchery also saw major gains.
JMI Hospital shed the most with a 4.9 per cent drop. ACI Formulations, Delta Life Insurance, ADN Telecom, and Shinepukur Ceramics were among the heavy losers.
Beximco Ltd became the most traded stock with shares worth Tk 53 crore changing hands followed by Islami Bank, Shinepukur Ceramics, JMI Hospital and Salvo Chemical.
The Chittagong Stock Exchange (CSE) fell today. The CASPI, the main index of the CSE, down 211 points, or 1.12 per cent, to close the day at 18,533.
Of the 294 stocks traded, 43 rose, 230 fell, and 21 did not see any price movement.
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