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Stocks fall at opening as investor sentiment remains fragile

FE Online Report | Published: December 12, 2019 11:32:50 | Updated: December 15, 2019 17:26:51


Stocks witnessed downward trend in early hours of trading on Thursday as risk-averse investors went on selling binge on sector-wise issues.

Following the last day’s slight gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw negative note with trading activities remains low.

Despite the market opened on positive note, after 30 minutes of trading, DSEX went down more than 9.0 points while the CSE All Share Price Index of port city’s bourse fell 2.0 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 9.51 points or 0.21 per cent to stand at 4,502 at 11:00am.

The DS30 index, comprising blue chips also fell 5.56 points to 1,546 and the DSE Shariah Index (DSES) also lost 3.91 points to stand at 1,013 points till then. 

Turnover, the important indicator of the market, stood at Tk 700 million when the report was filed at 11:00am riding on the new issue.

Of the issues traded till then, 83 advanced, 110 declined and 69 remained unchanged.

Ring Shine Textiles, which made debut today, was the most traded stocks till then with shares worth Tk 161 million changing hands, closely followed by Khulna Power, Northern Insurance, Paramount Insurance, and Zaheen Spinning.

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw marginal fall till then with CSE All Share Price Index- CASPI-losing 2.31 points to stand at 13,717 points, also at 11:00am.

The Selective Category Index – CSCX – fell 1.60 points to stand at 8,322 points till then.

Of the issues traded till then, 20 advanced, 19 declined and 6 remained unchanged with Tk 46 million in turnover.

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