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Stocks stumble in early trading

FE Online Report | Published: May 13, 2019 12:18:50 | Updated: May 15, 2019 13:31:04


The prices of most of the shares on bourses saw downward trend in early trading on Monday as risk-averse investors continued their selling binge.

Following the previous day’s marginal fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw negative trend after first hour of trading despite first 40 minutes was in positive territory.

Within first 30 minutes of trading, the key index of the country’s prime bourse advanced 8.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 12 points at 10:30am.

After first hour of trading, the DSEX fell more than 7.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 1.0 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 7.56 points or 0.14 per cent to reach at 5,266 points at 11:00am.

The DS30 index, comprising blue chips, also fell 4.68 points to reach at 1,841 points till then. The DSE Shariah Index also shed 3.47 points to stand at 1,215 points.

Turnover, the important indicator of the market, stood at Tk 776 million on DSE when the report was filed at 11:00am.

Of the issues traded till then, 83 advanced, 160 declined and 55 remained unchanged on the DSE trading floor.

Oimex Electrode was the most traded stocks till then with shares worth Tk 69 million changing hands, closely followed by Dhaka Bank, Power Grid Company, DESCO and Fortune Shoes.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw negative trend till then with CSE All Share Price Index- CASPI-shedding 1.0 points to stand at 16,173 points, also at 11:00am.

The Selective Category Index – CSCX –also lost 2.0 points to stand at 9,782 till then.

Of the issues traded till then, 29 gained, 54 declined and 08 issues remained unchanged with Tk 37 million in turnover.

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