Bourses see downturn in early trading

FE Online Report | Published: March 07, 2019 12:05:15 | Updated: March 10, 2019 11:27:53


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The prices of most of the shares on both the bourses witnessed a downward trend in early trading on Thursday as cautious investors were selling shares.

Following the previous two days’ marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw downturn with low trading activities.

Within first 30 minutes of trading, DSEX, the key index of the country’s prime bourse advanced more than 18 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 12 points at 11:00am.

The markets started to decline from that period. After first hour of trading, the DSEX fell more than 21 points while the CSE All Share Price Index (CASPI) of Chattogram bourse lost 21 points at 11:30am when the report was filed.

The DSEX went down by 3.48 points or 0.06 per cent to stand at 5,682 points till then.

The DS30 index, comprising blue chips, fell 2.84 points to reach at 1990 points at that time.

However, the DSE Shariah Index advanced 0.87 points to stand at 1,304 points at 11:30am.

Turnover, the important indicator of the market, stood at Tk 1.24 billion on DSE when the report was filed.

Monno Ceramic Industries was the most traded stocks till then with shares worth Tk 114 million changing hands, closely followed by BDCOM Online, Premier Bank, Sonar Bangla Insurance, and Kattali Textile.

Of the issues traded till then, 143 advanced, 103 declined, and 65 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) also saw a negative trend till then with the CASPI losing 21 points to stand at 17,400 points, also at 11:30am.

The Selective Category Index (CSCX) also lost 12 points to stand at 10,540 points till then.

Of the issues traded till then, 33 gained, 29 declined, and 24 issues remained unchanged with Tk 19 million in turnover.

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