Bangladesh’s main bourse dips below 5,000-point mark
Bangladesh’s main Dhaka Stock Exchange (DSE) on Wednesday plunged below the 5,000-point mark, reports Xinhua.
Dhaka stocks suffered a blow on Wednesday for the second consecutive day with its prime index dipping to 32-month low, as worried investors sold shares fearing further fall.
DSEX, the benchmark index of the prime bourse, dipped 75.79 points or 1.51 percent on the day while it lost 24.83 points or 0.49 percent on the last trading day on Monday.
The market did not open on Tuesday due to a national holiday.
After the day’s trading closed at 2:30 p.m. local time, DSEX finally settled at 4,933.18 points.
Earlier on Dec. 22, 2016, the index had dipped as low as 4956.73 points.
Also on Wednesday the two other DSE indices — the DS30 index and the DSE Shariah (Islamic law) Index (DSES) — ended lower.
The DS30 index, comprising blue chips, fell 21.93 points to finish at 1,736.19 and the DSES Index lost 14.02 points to settle at 1,155.49.
Of the total 353 issues traded on Wednesday, 37 registered gains and 288 incurred losses while 28 remained unchanged.
Total turnover decreased to 5.02 billion taka on Wednesday from about 4.07 billion taka on Monday.
Reasons for such a steep fall is not officially explained.