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Stocks fall in early trading as investors on selling binge

FE Online Report | Published: April 23, 2019 11:33:22 | Updated: April 24, 2019 11:20:57


FE file photo used for representation

The prices of most of the shares on both the bourses witnessed a downward trend in early trading on Tuesday as cautious investors were seen on selling binge.

Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower with sluggish trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced 2.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 5.0 points at 10:45am.

Later on, both the indices started to decline. After 30 minutes of trading, the DSEX lost more than 17 points while the CASPI of port city’s bourse fell 2.38 points at 11:00am when the report was filed.

The DSEX went down by 17.45 points or 0.32 per cent to stand at 5,306 points at that time.

The DS30 index, comprising blue chips, lost 7.18 points to reach at 1,885 points till then. The DSE Shariah Index also fell 5.98 points to stand at 1,225 points at 11:00am.

Turnover, the important indicator of the market, stood at Tk 590 million on DSE when the report was filed.

Fortune Shoes was the most traded stocks till then with shares worth Tk 160 million changing hands, closely followed by Monno Ceramic, Monno Jute Stafflers, Bangladesh Shipping Corporation, and Jamuna Bank.

Of the issues traded till then, 59 advanced, 172 declined, and 29 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange also saw a downward trend till then with the CASPI shedding 2.38 points to stand at 16,267 points, also at 11:00am.

The Selective Category Index (CSCX) also fell 1.0 points to stand at 9,844 points till then.

Of the issues traded till then, 18 gained, 43 declined, and 19 issues remained unchanged with Tk 14 million in turnover.

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