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Stocks plummeted Sunday with sluggish trading activities as investors were in the selling mood throughout the session, fearing a further fall.
Market operators said the market plunged as investors mostly refrained from injecting fresh funds into the market ahead of monetary policy statement coupled with lower than expected earnings declaration of some listed companies.
The market started on a negative note, which continued till end of the session with no sign of reversal, and it finally ended 71 points lower.
DSEX, core index of Dhaka Stock Exchange (DSE), settled at 6,144, slumping by 71 points or 1.14 per cent over the previous session.
Two other indices of the premier bourse also ended lower.
Of those, DS30 index, comprising blue chips, fell 23.54 points or 1.02 per cent to finish at 2,281 and DSES (Shariah) lost 17.89 points or 1.25 per cent to close at 1,413.
Bearish sentiment also reflected on the trading activities as total turnover on the DSE amounting to Tk 3.59 billion, which was 13 per cent lower than the previous day’s Tk 4.12 billion.
The losers took a strong lead over the gainers as out of 333 issues traded, 268 closed lower, 35 closed higher and 30 remained unchanged on the DSE trading floor.
Square Pharma continued to top the DSE turnover chart with shares worth Tk 219 million changing hands, closely followed by IFAD Autos, Shahjibazar Power, Grameephone and Paramount Textile.
Port city bourse CSE also closed lower with its CSE All Share Price Index – CAPSI- shedding 191 points to settle at 18,969 and elective Categories Index - CSCX – falling 113 points to finish at 11,458 points.
Here too, the losers beat the gainers as 176 issues closed lower, 26 higher and 18 remained unchanged on the CSE.
The port city bourse traded 6.29 million shares and mutual fund units worth more than Tk 272 million in turnover.