Stocks nosedive over selling pressure
Stocks
Indices of the both stock exchanges nosedived over investors selling pressure in the first one-and-half hour of trading session on Wednesday.
Several brokerage firms' top officials said that big companies share price dropped whereas it had hiked in the last one month because of security regulator directives to the stock exchanges that they could investigate on those companies. Share price moved more than 50% in the last month without any reason.
DSEX, the benchmark index of Dhaka Stock Exchange (DSE), dropped by 0.81% or 53.42 points to settle at 5,807 till 11:30 am.
Turnover of the DSE rose by 16% to Tk980.85 crore during the session.
Telecom Company Robi lead the script-wise turnover table. Its share traded of Tk298.14 crore, which was 30% of the DSE's total turnover.
Moreover, DSE shariah index DSES lost by 12.62 points to 1,310 and blue-chip index DS30 fell 27 points to 2,167.
During this session, 115 companies share price rose, while 174 issues fell and 59 issues price remain unchanged during the session at the DSE.
The benchmark index CASPI at the Chittagong Stock Exchange (CSE) dropped by 320 points to 16,768 till 11:30 am.
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