Stocks plunge over covid-19 fears
Stocks
Equity indices of the stock exchanges nosedived during the early session today as the government imposed restrictions on the movement of people over fears of coronavirus infection spread in the country.
"Investors are fearful of the fast increase of Covid-19 infections, as they think it will have an adverse impact on the economy and earnings of the listed companies, said EBL Securities in its daily market commentary on Wednesday (31 March).
In the first one-and-a-half-hour on Thursday, DSEX, the key index of the Dhaka Stock Exchange (DSE) fell by 0.76% or 40.58 points to 5,237.
Turnover, a major indicator of the market, on the Dhaka Stock Exchange (DSE) trading floor dropped by 12% to Tk172.36 crore during the session till 11:30 am.
Out of the 298 issues traded during the same time frame, DSE had only 57 gainers against 163 losers, while prices of 78 scrips remained unchanged.
Beximco Limited led the turnover chart at DSE, followed by Provati Insurance and Robi.
Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) lost 91 points to 15,172.
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