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DSE, CSE drop on bearish tread

Runner Automobiles makes flying debut


FE Online Report | Published: May 21, 2019 11:41:18 | Updated: May 22, 2019 11:46:43


The prices of most of the shares on the bourses witnessed downward trend in early trading on Tuesday as investors showed their selling binge on sector-wise issues.

However, Runner Automobiles made a flying trading debut on Tuesday as its share price soared 42 per cent within first hour of trading.

The automobile’s share traded between Tk 92 and Tk 107.90 within first hour of trading and reached at Tk 106.90 at 11:00 am, from issue price of Tk 75 each.

Following the previous day’s fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed downturn amid low trading activities.

Within first 30 minutes of trading, the key index of the country’s prime bourse fell 23 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 45 points at 10:30am.

After first hour of trading, the shed more than 25 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 59 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 25.06 points or 0.47 per cent to reach at 5,231 points at 11:00am.

Two other indices also saw negative in early trading with the DS30 index, comprising blue chips, fell 4.78 points to reach at 1,828 points and the DSE Shariah Index lost 1.42 points to stand at 1,197 points till then.

Turnover, the important indicator of the market, stood at Tk 972 million on DSE when the report was filed at 11:00am.

Of the issues traded till then, 83 advanced, 150 declined and 59 remained unchanged on the DSE trading floor.

The newly listed Runner Automobiles was the most traded stocks till then with 2.82 million shares worth Tk 284 million changing hands, closely followed by SK Trims Industries, Indo-Bangla Pharma, Fortune Shoes and Global Insurance Company.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with CSE All Share Price Index- CASPI-losing 59 points to stand at 16,043 points, also at 11:00am.

The Selective Category Index – CSCX –also fell 36 points to stand at 9,711 till then.

Of the issues traded till then, 30 gained, 65 declined and 22 issues remained unchanged with Tk 204 million in turnover.

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