Stocks plunge as demand declines

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Economic Reporter :
Majority of the securities incurred loss on the opening day of the week as demand side was too weak to match the sell pressure by a large number of investors who were booking profit and repositioning for securing their investment.
The daily trade value at the country’s premier bourse was down while investors were cautious in making fresh commitment due to volatility in the market.
The trade value fell to Taka 564.63 crore from Thursday’s Taka 645.95 crore. The lower trade value was the result of price fall across the board that also drove the market indices downward.
The broader DSEX index of Dhaka Stock Exchange (DSE) fell by 9.93 points to 4667.20. The blue-chip DS30 and the Shariah DSES were also down at 1755.17 and 1121.03 respectively.
The trade volume, however, rose to 14.14 crore shares from 13.85 crore of the previous session on voluminous trade of cheaper shares. Out of the day’s 321 traded issues, prices of 106 securities closed higher against 169 losing ones.
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