The Financial Express

Stocks fall sharply at opening

| Updated: April 28, 2021 11:21:16

Stocks fall sharply at opening

The market tumbled at the opening on Tuesday amid growing concern over the Covid-19 pandemic that ravaged India.

The market fell sharply as soon as the market opened the DSEX, the prime index of the Dhaka Stock Exchange (DSE), eroded by 48.93 points or 0.89 per cent to stand at 5,436 points within the first 30 minutes of trading.

Market operators said investors fell sharply as cautious investors selling shares amid virus fear.

Two other indices fell sharply till then with the DS30 index, comprising blue chips, lost 23.89 points to reach at 2,102 and the Shariah Index (DSES) plunged 15.51 points to stand 1,247 points till then.

Turnover, another important indicator of the market, stood at Tk 2.46 billion within the first 30 minutes of trading when the report was filed at 10:30 am.

Of the issues traded till then, 52 advanced, 212 declined and 58 remained unchanged on the DSE trading floor till then.

Beximco - the flagship company of Beximco Group- was the most traded stocks till then with shares worth Tk 378 million changing hands, followed by National Feed Mills, LafargeHolcim, BATBC, and Agrani Insurance.

The port city bourse – the Chittagong Stock Exchange – (CSE) also plunged at opening with CSE All Share Price Index- CASPI-losing 141 points to stand at 15,687, also at 10:30 am.

Of the issues traded till then 17 advanced, 86 declined and 18 remained unchanged with Tk 62 million in turnover.

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