Stocks witness downward trend in early trading

FE Online Report | Published: February 11, 2019 11:19:59 | Updated: February 12, 2019 11:24:41

FE file photo used for representation

The prices of most of the shares on both the bourses witnessed a downward trend in the early hour of trading on Monday as risk-averse investors continued their selling spree.

Following the previous day’s sharp fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower with low trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse fell more than 19 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 16 points at 10:45am.

After 30 minutes of trading, the DSEX fell more than 14 points while the CASPI of Chattogram bourse lost 26 points at 11:00am when the report was filed.

The DSEX went down by 14.37 points or 0.24 per cent to stand at 5,749 points at 11:00am.

The DS30 index, comprising blue chips, also fell 14 points to reach at 2,010 points till then. The DSE Shariah Index lost 5.39 points to stand at 1,314 points.

Turnover, the important indicator of the market, stood at Tk 1.49 billion on DSE when the report was filed.

United Power was the most traded stocks till then with shares worth Tk 227 million changing hands, followed by Monno Ceramic, Fortune Shoes, Stylecraft, and JMI Syringes.

Of the issues traded till then, 125 advanced, 120 declined, and 56 remained unchanged on the DSE trading floor.

The port city’s bourse or CSE also saw a negative trend till then with the CASPI losing 26 points to stand at 17,569 points, also at 11:00am.

The Selective Category Index (CSCX) also lost 16 points to stand at 10,629 points till then.

Of the issues traded till then, 30 gained, 36 declined, and 13 issues remained unchanged with Tk 15 million in turnover.


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