Stocks plunged in the outgoing week, the first week after two months break, as the growing tension over the impacts of Covid-19 pandemic and the new ‘floor price’ system. Both the perils kept investors at bay.
The bourses cut an hour trading time from the resumption of trading May 31 to three hours instead of the usual four hours due to the ongoing Covid-19 pandemic.
The outgoing week saw five trading sessions as usual. Of them, the first session gained 52 points while the last four eroded 107 points.
The presence of investors was thin on the trading floor throughout the week as many investors are yet to back in Dhaka after the longest closure of the market since the Liberation War.
The Chittagong Stock Exchange (CSE) also ended lower with its CSE All Share Price Index – CASPI – losing 91 points to settle at 11,237 and the Selective Categories Index – CSCX – shedding 51 points to close at 6,808. ♦
