Thursday, May 28, 2020 | ePaper

Stocks witness flat as major sectors plunge

  • Print
Economic Reporter :
Stock markets on Tuesday witnessed flat due to lower activities of large-cap securities.
The falling major sectors were textile and cement. A total of 178 securities of the large-cap group moved down due to lower activities. Stocks kept their losing streak with daily trade turnover on the prime bourse dipped to 14 months low on the day, as investors were mostly reluctant to make fresh investment in stocks.
Market analysts said lack of investors' confidence coupled with liquidity crunch, taking toll on stock prices.
Turnover, a crucial indicator of the market, stood at Tk 2.511 billion on the country's premier bourse, slumping further by 18 per cent over previous day's mark of Tk 3.05 billion. It was the lowest single-day transaction since March 25, 2018, when the turnover totaled a record Tk 2.24 billion.
The market opened on positive note and the key index of the major bourse rose about 15 points within first hour of trading. But late hours selling pressure wiped out all the early gains.

More News For this Category

Evaly providing personal health safety equipment for 999

Evaly providing personal health safety equipment for 999

Economic Reporter :E-commerce based online marketplace Evaly has provided health care and safety products to the National Emergency Services Center 999 authorities. In the midst of the Covid-19 Corona

AIIB approves $250m loan to BD for Covid-19 response

Business Desk :The Asian Infrastructure Investment Bank (AIIB) has approved a $250 million loan for Bangladesh as the country grapples with the fallout of the novel coronavirus.The loan, co-financed

Corona hit poor blessed with PM's Eid gifts through MFS

Corona hit poor blessed with PM's Eid gifts through MFS

Al Amin :When millions of people are facing very hard time for the ongoing lock down, Prime Minister's cash support-Tk 1250 crore to a huge number of poor family

ADB approves it's financial statement

BSS, Dhaka :The Board of Governors of the Asian Development Bank (ADB) on Friday approved ADB's financial statements and the allocation of its 2019 net income in its first-ever

Meat becomes costlier in Dhaka

Economic Reporter :Supply chain disruption and temporary closure of businesses amid a government-announced 'holiday' to curb coronavirus transmission have pushed up meat prices by as much as Tk 250

Qatar charity Dhaka office distributes food items among poor

Qatar charity Dhaka office distributes food items among poor

Business Desk :Like every year, the Qatar Charity Bangladesh office has distributed food items to 9,000 poor families during Ramadan. Besides, food aid has been provided to 2,000 helpless

“87pc returnee expats have no income source”

Economic Reporter :About 87 percent of the migrant workers who returned to the country due to the Covid-19 pandemic have no source of income at the moment, according to

JTI Bangladesh initiatives for COVID-19 response

Business Desk :Japan Tobacco International Bangladesh is providing support that is directly benefitting approximately 60,000 people across Bangladesh. A special COVID-19 fund has been mobilized to provide essential food

NEC approves ADP involving Tk 205,145cr for new FY

Economic Reporter :National Economic Council (NEC) , development projects for next fiscal year , Planning Minister MA Mannan , Prime Minister Sheikh Hasina , Annual Development Programme (ADP) ,

Bank branches at RMG industrial areas open on Friday, Saturday

Economic Reporter :Branches of the scheduled banks in the readymade garments (RMG) industrial areas will remain open on May 22 (Friday) and 23 (Saturday) for the convenience of paying