Stocks down amid selling pressure
Stocks
Equity indices of both the stock exchanges plummeted on selling pressure as risk-averse investors opted for quick-profits on Monday.
During the first hour of the trading session today, DSEX, the key index of the Dhaka Stock Exchange (DSE), fell by 0.55% or 33 points to 6,975.
DSE turnover, a significant market indicator, also dropped by 34% to Tk497.36 crore by 11 am.
Confidence Cement secured the apex position on the DSE turnover chart as the company reported higher profit in the third quarter of this fiscal year, meanwhile, Dutch Bangla Bank secured the second position on the list.
Union Capital and First finance reported the worst trading today as Union Capital recommended no dividend to the shareholders for the 2020 year and First Finance reported a loss in the first three quarters of the last year.
DSE had only 98 gainers against 188 losers, while prices of 57 scrips remained unchanged.
The benchmark index CASPI at the Chittagong Stock Exchange (CSE) lost 55 points to 17,4324 by 11 am.
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