Stocks plunged 1.87 percent as a price correction pushed down market indices yesterday.
The benchmark General Index, DGEN, the yardstick of Dhaka Stock Exchange, closed at 5,879, after declining 112 points.
The market that started off amid buoyant spirits was on course to cross 6,000 points, a psychological support level, but profit booking pushed the index into the red, said LankaBangla Securities.
The general index started falling slowly after a series of rapid fluctuations.
Turnover on the premier bourse stood at Tk 512 crore, which is down 4.02 percent, while the volume stood at 5.55 crore, down 6.07 percent from the previous day.
The total trade slipped to 1.20 crore, 4.74 percent down from the previous day’s total trade.
Of the 261 issues that traded on the DSE, 235 declined and 24 advanced. Two securities remained unchanged.
Lafarge Surma Cement topped the turnover leaders with 3.80 lakh shares worth Tk 23.91 crore changing hands.
EBL NRB Mutual Fund was the biggest gainer of the day as it posted an 8.53 percent rise. Alltex Industries was the worst loser, slumping 6.29 percent.
All sectors retraced: banks 2.01 percent, non-bank financial institutions 1.35 percent, pharmaceuticals 1.46 percent and power 1.58 percent.
Grameenphone, which represent the telecoms sector, lost 2.08 percent.
The Chittagong Stock Exchange also declined yesterday with the Selective Categories Index, CSCX, closing at 10,662, after declining 234 points or 2.14 percent.
The port-city bourse traded more than 1.09 crore shares and mutual fund units worth Tk 79.05 crore. Losers beat advancers 22 to 167. Two securities remained unchanged.
-With The Daily Star input
