Stocks plunge further

Country’s two bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) plunged further today along with declined transactions.

At DSE, all the large cap sectors except Bank, Food and Allied, and Fuel and Power showed negative movements today. Fuel and Power exhibited highest positive movement with 0.34 percent gain and textile exhibited highest negative movement with 1.79 percent loss, reports BSS.

DSE’s broader index, DSEX went down by 8.33 points to stand at 5,222.30 which was the lowest in the last one month, according to market analysts. On May 15 last, the DSEX stood lowest at 5,196 points.

Besides, the Shariah DSES and the blue-chip DS30 also followed the same trend with 3.66 points down at 1194.60 and with 3.19 points down at 1,857.71.

The day’s trade value at DSE decreased to Taka 351.08 crore which was Taka 408.88 crore on Wednesday while the daily trade stood at 13.63 crore shares.

At DSE, out of the day’s 353 securities, prices of 108 securities closed higher against 219 losing issues and 26 issues remained unchanged.

The top 10 gainer companies were: SEML FBSL Growth Fund, SEML Lecture Equity Management Fund, Munnu ceramic, Federal Insurance, Prime Finance First Mutual Fund, Munnu Stapler, SEML IBBL Shariah Fund, EBL First Mutual Fund, National Life Insurance and Pragati Insurance.

National Life Insurance topped the list in terms of transaction followed by Federal Insurance, Grameenphone, Rupali Insurance, Munnu Ceramics, United Power, Asian Tiger Sandhani Life Growth Fund, Runner Auto, Sinobangla Industries and National Tubes.

Besides, the top 10 loser companies were: United Air, Jute Spinners, Beximco Synthetics, Shasha Denims, Shyampur Super Mill, Peoples Leasing, Tung Hi Netting, Bangladesh Industrial Finance, Meghna Petroleum and Savar Refectories.

At CSE, a total of 263 issues were traded. Of those, 64 closed higher and 175 closed lower when CASPI declined by 57.37 points to 15972.90.