Bourses witness downturn in early trading

FE Online Report | Published: October 10, 2018 11:46:22 | Updated: October 11, 2018 10:41:06

The prices of most of the shares witnessed downward trend in early hour of trading Wednesday as investors some investors are selling shares.

Market insiders said investors mostly followed cautious stance following verdicts in cases filed for the grenade attack on an Awami League rally on August 21, 2004.

Following the previous two days’ upward movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 7.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 19 points at 10:45am.

After 30 minutes of trading, the DSEX fell more than 4.45 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 15 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 4.45 points or 0.13 per cent to stand 5,452 points at 11:00am.

The DS30 index, comprising blue chips, also fell 0.38 points to reach at 1,928 points till then. The DSE Shariah Index lost 1.71 points to stand at 1,276 points.

Turnover, the important indicator of the market, stood at Tk 1.64 billion on DSE when the report was filed at 11:00am.

Khulna Power was the most traded stocks till then with shares worth Tk 482 million changing hands, followed by Summit Power with Tk 299 million, Silva Pharma Tk 116 million, Olympic Industries Tk 53 million and Stylecraft Tk 52 million.

Of the issues traded till then, 77 advanced, 132 declined and 47 remained unchanged on the DSE trading floor.

The port city’s bourse–the Chittagong Stock Exchange–also saw downward trend till then with CSE All Share Price Index- CASPI-losing 15 points to stand at 16,826 points, also at 11:00am.

The Selective Category Index – CSCX –also lost 10 points to stand at 10,191 points till then.

Of the issues traded till then, 27 gained, 36 declined and 09 issues remained unchanged with Tk 61 million in turnover.

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