Bangladesh’s stocks plummeted today maintaining the downturn for the third consecutive session amid concerns among investors on the implication of the record fuel price hike by the government that came into effect on Saturday.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), nosedived 78 points, or 1.24 per cent, to close at 6,180.
Turnover fell 26 per cent to Tk 799 crore yesterday from the previous session.
On the DSE, 26 stocks advanced, 279 declined and 74 remained unchanged.
Shurwid Industries topped the gainers’ list advancing 5.07 per cent.
S Alam Cold Rolled Steels, Aman Feed Mills, Apex Spinning & Knitting Mills, and Sinobangla Industries Ltd were among the highest gainers.
Mozaffar Hossain Spinning Mills was the worst-performing stock on the day dropping 7.54 per cent.
Sonargaon Textiles, Simtex Industries, BD Thai Food & Beverage, Global Heavy Chemicals, and SK Trims suffered significant losses.
Beximco Ltd dominated the chart of most traded stocks with its shares worth Tk 66 crore changing hands, followed by Sonali Paper and Board Mill, Sea Pearl Beach Resort & Spa, Malek Spinning Mills and Intraco Refuelling Station.
Shares on the Chittagong Stock Exchange (CSE) also plunged. The CASPI, the all-share price index of the bourse in the port city, dipped 205 points, or 1.11 per cent, to 18,232.
At the CSE, 32 stocks advanced, 189 fell and 43 closed unchanged.