Bourses see downward trend at opening
Stocks saw a downward trend in early trading on Sunday with turnover remaining low as investors mostly followed cautious stance amid worsening pandemic situation in the country.
Within 30 minutes of trading, DSEX lost more than 6.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 0.10 points at 10:30 am when the report was filed.
DSEX, the prime index of the DSE, went down by 6.04 points or 0.15 per cent to stand 3,980 points at 10:30 am.
Two other indices also saw negative trend till then. The DS30 index, comprising blue chips, fell 3.64 points to reach at 1,335 and DSE Shariah Index shed 0.58 points to stand at 921 points till then.
Turnover, the important indicator of the market, stood at Tk 108 million on DSE when the report was filed at 10:30 am.
Market operators said the investors were worried about the adverse impact of worsening pandemic situation with looming uncertainty about economic growth and the regulator-enforced floor price system.
Wata Chemicals was the most traded stocks till then with shares worth Tk 16 million changing hands, closely followed by GlaxoSmithKline, BSCCL, Beximco Pharma and Fu-Wang Food.
The port city’s bourse – the Chittagong Stock Exchange – (CSE) also downward trend till then with the CSE All Share Price Index- CASPI-losing 0.10 points to stand at 11,321 points, also at 10:30 am.
The Selective Category Index – CSCX – also lost 0.08 points to stand at 6,854 points till then.
Of the issues traded till then, 3 advanced, 10 declined and 20 issues remained unchanged with Tk 2.80 million in turnover.