Bourses witness downward trend on selling binge

The prices of most of the shares on both bourses witnessed a downward trend in early hour of trading Tuesday as investors are on selling binge on sector-wise stocks.

Following the previous day’s marginal correction, the Dhaka Stock Exchange (DSE) saw positive trend while the Chittagong Stock Exchange (CSE) witnessed downward trend in early hours amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 4.64 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 3.72 at 10:45am.

After 30 minutes of trading, the DSEX fell by 18 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 20 points at 11:00am, when the report was filed.

DSEX, the prime index of the DSE, went down by 18.36 points or 0.30 per cent to stand at 6,064 points at 11:00am.

The two other indices also saw downturn till then. The DS30 index, comprising blue chips fell 3.72 points or 0.16 per cent to reach at 2,240 points.

The DSE Shariah Index (DSES) lost 3.68 points or 0.26 per cent to stand at 1,401 points till then.

Turnover, the important indicator of the market, stood at Tk 598 million when the report was filed at 11:00am.

Of the issues traded till then, 83 advanced, 122 declined, and 33 remained unchanged.

Anwar Galvanizing was the most traded stocks till then with shares worth Tk 50 million changing hands, closely followed by Apex Foods Tk 44 million, Legacy Footwear Tk 42 million, National Tubes Tk 29 million, and Paramount Textile Tk 27 million.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with CSE All Share Price Index- CASPI- shedding 20 points to stand at 18,772, also at 11:00am.

The Selective Category Index – CSCX –also lost 13 points to stand at 11,331 points till then.

Of the issues traded till then, 25 gained, 40 declined, and 10 issues remained unchanged with Tk 20 million in turnover.

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