Stocks tumble at opening, turnover remains low
The total turnover on the Dhaka Stock Exchange trading floor stood at Tk74.50 crore during the early session
The worsening Covid-19 status of the country has shown a spillover effect on the stock market resulting in a sharp fall of the indices of the country's two main bourses during the early session today, while turnover has reportedly been low.
The total turnover on the Dhaka Stock Exchange trading floor stood at Tk74.50 crore during the first one-and-half-hour session.
DSEX, the prime index of the DSE, down by 25.61 points – or 0.62 percent - to reach at 4,043 till 11:30am.
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Moreover, the Shariah-based DSES index dropped 7.34 points to settle at 938, and the blue-chip index DS30 went down by 11.64 points to stand at 1,357.
Out of the 269 issues traded in the corresponding period, 34 company's share prices advanced, 85 declined, and 150 remained unchanged.
Meanwhile, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) has lost 54.45 points to close at 11,504.
According to a brokerage firm's review, the market went through a volatile session as investors remained watchful concerning the impact of Covid-19 induced uncertainty over the economy.
Moreover, the ongoing quarterly earnings and dividend declarations from several stocks have failed to meet investor's expectations, which has caused a negative vibe in the market.
