Stocks drop for selling frenzy

Share prices plunged today on the Dhaka Stock Exchange (DSE) due to investors’ selling frenzy amid the deteriorating pandemic situation.

The DSEX, the benchmark for the DSE, fell 65 points, or 0.93%, to 6,926.

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On the DSE, 72 stocks rose, 264 fell and 44 were unchanged.

The turnover, an important indicator of the stock market, of the first exchange fell by 8% to 1,215 crore Tk compared to the previous day

Among the most traded stocks, Union Bank led with Tk 90 crore, followed by Beximco Ltd, Bangladesh Shipping Corporation, National Polymer and Queen South Textiles.

BD Thai Food topped the list of winners which climbed 10%, followed by Union Insurance, National Polymer, Bangladesh Building Systems and BD Lamps.

National Feed Mills slid mainly, eroding 8.7%, followed by National Life Insurance, Fortune Shoes, Meghna pet Industries and Safko Spinning.

The Chittagong Stock Exchange (CSE) also fell today. The CASPI, the main index of the port city’s stock market, fell 190 points, or 0.93%, to 20,298.

Of 305 stocks traded, 54 rose, 228 fell and 23 were unchanged.

About Patrick K. Moon

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