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DSE, CSE fall in early trading on fragile confidence

FE Online Reports | Published: July 24, 2019 11:59:38 | Updated: July 25, 2019 10:46:31


Stocks witnessed downward trend in early trading on Wednesday, after sharp gain in the previous day, as investors mostly followed cautious stance.

The prime index of the major bourse soared 111 points or 2.24 per cent on Tuesday, the biggest single-day gain in six months, due to regulatory intervention.

Following the previous sharp gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower amid sluggish trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse fell 19 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 35 points at 10:45am.

After that it started to recover. After 30 minutes of trading, the DSEX lost more than 2.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 20 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 2.36 points or 0.04 per cent to stand 5,075 points at 11:00am.

The DS30 index, comprising blue chips, also lost 2.49 points to reach at 1,812 points till then. The DSE Shariah Index shed 3.57 points to stand at 1,161 points.

Turnover, the important indicator of the market, stood at Tk 630 million on DSE when the report was filed at 11:00am.

CAPM IBBL Islamic MF was the most traded stocks till then with shares worth Tk 28 million changing hands, closely followed by Asian Tiger Sandhani Life Growth Fund, Sea Pearl Beach, Monno Ceramic and Fortune Shoes.

Of the issues traded till then, 136 advanced, 138 declined and 54 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw negative trend till then with CSE All Share Price Index- CASPI-shedding 20 points to stand at 15,493 points, also at 11:00am.

The Selective Category Index – CSCX – also fell 10 points to stand at 9,424 points till then.

Of the issues traded till then, 36 advanced, 70 declined 12 remained unchanged with Tk 20 million in turnover.

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