Stocks slip in fear of strict lockdown
Beximco Limited was the highest gainer and secured top position in the turnover chart at DSE, followed by Robi and BD Finance, until the report was filed
Most of the stock's prices dropped as indices of the stock exchanges reported downward trends during the early session on Sunday amid the anxiety over week-long all-out lockdown across the country, starting from 14 April, in a bid to stem the rapidly growing coronavirus infection.
According to a brokerage firm official, "The earning of listed companies will be hampered during the government imposed strict lockdown from 14 April, which has made the investors apprehensive about the coming days."
In the first hour, DSEX, the key index of the Dhaka Stock Exchange (DSE) fell by 1.98% or 104 points to 5,150.
However, turnover, one of the major market indicators, on the Dhaka Stock Exchange (DSE) trading floor rose by 15% to Tk261.22 crore till 11:00 am.
Beximco Limited was the highest gainer and secured top position in the turnover chart at DSE, followed by Robi and BD Finance, until the report was filed.
Out of the 317 issues traded during the same time frame, DSE had only 29 gainers against 251 losers, while prices of 37 scrips remained unchanged.
Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) lost 243 points to 14,987.