Stocks plunge for second day

Stocks witnessed another sluggish trading session Sunday as investors were observing the market movement closely in the second trading day under the newly introduced trading system. DSEX, the prime index of the Dhaka Stock Exchange (DSE) came down below the 4,900-mark and ended at 4,892.95 point, shedding 40.07 points or 0.81 per cent from previous session. The two other indices also closed in the red. The DS30, comprising blue chips lost 15.59 points or 0.85 per cent to close at 1,808.05 points. The DSE Shariah Index dropped 4.99 points or 0.43 per cent to close at 1,150.39 points. Turnover remained dry at DSE and amounted to Tk 2.0 billion, registering an increase of 47 per cent over the previous session’s 14-month lowest turnover of Tk 1.36 billion. The losers took a lead over the gainers as out of 306 issues traded, 170 advanced, 103 declined and 33 remained unchanged on the DSE floor. Agni Systems Ltd was the most traded stock with shares worth Tk 141.64 million changing hands followed by RN Spinning, Summit Alliance Port, GP and Beximco Pharma. The port city bourse, Chittagong Stock Exchange (CSE) ended in red with its Selective Categories Index – CSCX – lost 88.60 points to close at 9,167.09 points. Losers beat gainers 175 to 60, with 25 issues remaining unchanged at the port city bourse that traded 9.35 million shares and mutual fund units with turnover value of Tk 284.77 million.