Business Desk :
Stocks plunged on Wednesday as risk-averse investors opted for a quick profit on major sector issues amid the rising trend of virus infections and death in the country.
Following the previous day’s marginal correction, the market opened on a negative note and fell sharply in the final hour.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 69.89 points or 1.14 per cent to settle below the 6,100-mark at 6,035. DSEX lost nearly 90 points in the two straight sessions.
Two other indices also ended lower with the DSE 30 Index, comprising blue chips, fell 16.86 points to finish at 2,188 and the DSE Shariah Index (DSES) shed 6.91 points to close at 1,297.
Market experts said the investors continued their selling binge on major sector stocks riding on the news that daily Covid-19 infections and deaths are rising alarmingly in recent days in the country.
Turnover, a crucial indicator of the market, remained above Tk 20 billion-mark and amounted to Tk 20.30 billion, which was 0.65 per cent higher than the previous day’s tally of Tk 20.17 billion.
Turnover remained high as the institutional investors were active on the market due to the removal of the floor price restriction from all listed securities, said a merchant banker.
Losers took a strong lead over the gainers, as out of 372 issues traded, 217 declined, 133 advanced and 22 issues remained unchanged on the DSE trading floor.
