DSEX dips below 4,700-mark in early trading

FE Online Report | Wednesday, 23 October 2019

The prime index of the Dhaka bourse dipped below 4,700-mark in early trading on Wednesday as investors mostly followed cautious stance amid depressed market outlook.

Following the previous day’s sharp decline, the Dhaka Stock Exchange (DSE) opened lower while the Chittagong Stock Exchange (CSE) saw positive trend in early hour of trading.

Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 10 points while the CSE All Share Price Index of port city’s bourse gained 12 points at 10:45am.

After 30 minutes of trading, DSEX fell more than 15 points while the CSE All Share Price Index of port city’s bourse shed 10 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 15.21 points or 0.32 per cent to stand at 4,693 points at 11:00am.

The DS30 index, comprising blue chips also lost 8.69 points to 1,652 points. The DSE Shariah Index (DSES) fell 3.61 points to stand at 1,077 points till then.

Turnover, the important indicator of the market, stood at Tk 291 million when the report was filed at 11:00am.

Of the issues traded till then, 74 advanced, 159 declined and 55 remained unchanged.

National Tubes was the most traded stocks till then with shares worth Tk 33 million changing hands, followed by Monno Jute Stafflers, Northern Jute Manufacturing Company, Square Pharma and Sonar Bangla Insurance.

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw downward trend till then with CSE All Share Price Index- CASPI-losing 10 points to stand at 14,310 points, also at 11:00am.

The Selective Category Index – CSCX – also shed 6 points to stand at 8,701 points till then.

Of the issues traded till then, 18 advanced, 32 declined 11 remained unchanged with Tk 7.0 million in turnover.