Stocks plunge over selling pressure

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Business Report :
Stocks slipped into the red on Tuesday as risk-averse investors were mostly in selling mode amid the prevailing volatility in the market.
The DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 81 points to settle at 5,585. This is the biggest fall in the last one month since 15th April 2024.
On Tuesday, the DSEX fell 1.43 per cent. Before this, the premier bourse fell by 1.45 per cent on 15th April 2024.
The majority of the stocks saw price erosion, as out of the 399 issues traded, 31 closed higher, 343 ended lower, and 25 remained unchanged on the DSE trading floor.
eGeneration Limited became the most-traded stock with shares worth Tk 281 million changing hands, followed by Orion Infusion Ltd, Navana Pharmaceuticals PLC, Advent Pharma Limited, and Advent Pharma Limited.
The Chittagong Stock Exchange (CSE) ended lower with its All Share Price Index (CASPI) losing 171 points to settle at 16,165 and the Selective Categories Index (CSCX) gaining 104 points to 9735.
The port city bourse traded 4.2 million shares and mutual fund units with a turnover volume of Tk 147 million.