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Stocks witness downturn with low turnover

FE Online Report | Published: September 15, 2019 12:56:15 | Updated: September 16, 2019 15:55:43


Investors react while monitoring stock price movements on computer screens at a brockerage house in the capital city — FE/Files

Stocks witnessed a downward trend in early hour of trading on Sunday as risk-averse investors contented their selling binge on sector-wise shares.

Following the previous week’s downturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw a negative trend in early trading amid low trading activities.

Within first 30 minutes of trading, DSEX, the key index of the country’s prime bourse, gained 6.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 15 points at 10:30am.

After 90 minutes of trading, the DSEX shed more than 8.0 points while the CASPI of Chattogram bourse eroded 12 points at 12:00noon when the report was filed.

DSEX, the prime index of the DSE, went down by 8.40 points or 0.17 per cent to stand at 4,925 points at 12:00noon.

The DS30 index, comprising blue chips also fell 3.94 points to 1733 points and the DSE Shariah Index (DSES) lost 6.25 points to stand at 1,150 points till then.

Turnover, the important indicator of the market, stood at Tk 1.46 billion when the report was filed.

Of the issues traded till then, 160 advanced, 117 declined, and 59 remained unchanged.

National Tubes was the most traded stocks till filing of this report with shares worth Tk 208 million changing hands, followed by JMI Syringes, Stylecraft, Wata Chemicals and Legacy Footwear.

The Chittagong Stock Exchange (CSE), also saw a downward trend till then with the CASPI losing 12 points to stand at 14,969 points, also at 12:00noon.

The Selective Category Index (CSCX)  also fell 6.22 points to stand at 9,089 points till then.

Of the issues traded till then, 76 advanced, 67 declined, 22 remained unchanged with Tk 37 million in turnover.

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