Bourses see lower in topsy-turvy trade

Stocks demonstrated a topsy-turvy trend in the early hour of trading on Monday as some investors are booking profits on sector-wise stocks.

Following the previous four days’ upward movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 22 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 21 points at 10:45am.

But, after 30 minutes of trading, the DSEX fell more than 8.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 31 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 8.85 points or 0.16 per cent to reach at 5,513 points at 11:00am.

The DS30 index, comprising blue chips, also fell 5.22 points to reach at 2005 points.

However, the DSE Shariah Index index advanced 0.50 points to reach at 1,279 points till then.

Turnover, the important indicator of the market, stood at Tk 989 million when the report was filed at 11:00am.

Of the issues traded till then, 118 advanced, 113 declined and 53 remained unchanged.

Monno Ceramic Industries was the most traded stocks till then with shares worth Tk 62 million changing hands, closely followed by Grameephone with Tk 50 million, Beximco Tk 45 million, RSRM Steels Tk 37 million, and Paramount Textile Tk 32 million.

The port city’s bourse–the Chittagong Stock Exchange (CSE)—also saw negative trend till then with CSE All Share Price Index- CASPI-losing 31 points to stand at 16,951, also at 11:00am.

The Selective Category Index–CSCX–also lost 21 points to stand at 10,251 points till then.

Of the issues traded till then, 36 gained, 48 declined and 19 issues remained unchanged with Tk 33 million in turnover.

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