Bourses witness downtrend in early trading

FE Online Report | Published: March 24, 2019 11:43:19 | Updated: April 11, 2019 18:20:35


FE file photo

The prices of most of the shares on both bourses witnessed a downward trend in early trading Sunday as investors were selling shares amid lower than expected corporate declaration by companies.

Following the previous eight weeks’ downward trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower today with sluggish trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse fell 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 35 points at 10:45am.

After 30 minutes of trading, the DSEX fell more than 28 points while the CASPI of port city’s bourse lost 48 points at 11:00am when the report was filed.

The DSEX then went down by 28.22 points or 0.50 per cent to reach at 5,542 points at 11:00am.

The DS30 index, comprising blue chips, also lost 13.36 points to reach at 1979 points till then.

The DSE Shariah Index also shed 1.70 points to stand at 1,282 points at that time.

Turnover, the important indicator of the market, stood at Tk 782 million on DSE when the report was filed.

Brac Bank was the most traded stocks till then with shares worth Tk 102 million changing hands, closely followed by JMI Syringes, National Polymer, Monno Ceramic and Dutch-Bangla Bank.

Of the issues traded till then, 120 advanced, 124 declined, and 53 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) also saw a downward trend till then with the CASPI losing 48 points to stand at 17,059 points, also at 11:00am.

The Selective Category Index (CSCX) also fell 30 points to stand at 10,340 till then.

Of the issues traded till then, 28 gained, 36 declined, and 08 issues remained unchanged with Tk 12 million in turnover.

babulfexpress@gmail.com

Share if you like