Both bourses witness downturn at opening

| Updated: June 28, 2022 20:50:58

Both bourses witness downturn at opening

Stocks opened marginally lower on Sunday as the cautious investors selling shares amid persistent macroeconomic worries.

Following the previous week’s correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 10.03 points or 0.15 per cent to stand at 6,317, after the first the first hour of trading at 11:00am.

Two other indices also saw modest decline till then with the DS30 index, comprising blue chips, losing 5.62 points to reach 2,292 and the Shariah Index (DSES) shed 3.35 points to 1,379.

Turnover, another important indicator of the market, stood at Tk 1.22 billion at 11:00am.

Market analysts said many investors remained shaky amid the rising cost of living as inflation is rising fast while the soaring trend of Covid-19 patients made them cautious.

Of the issues traded till then, 151 declined, 139 advanced and 74 issues remained unchanged on the DSE trading floor till then.

Shinepukur Ceramics was the most traded stock till then with shares worth Tk 103 million changing hands, followed by Fu-Wang Foods, Prime Textile, Titas Gas and JMI Hospital Requisite.

The Chittagong Stock Exchange also opened marginally lower with its All Shares Price Index (CASPI)—losing 7.84 points to stand at 18,610 while the Selective Categories Index – CSCX shed 5.0 points to reach 11,156, also at 11:00am.

Of the issues traded till then 63 gained, 46 declined and 22 remained unchanged with Tk 40 million.

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