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DSE, CSE fall on cautious trading at opening

FE Online Reports | Published: June 24, 2019 11:42:32 | Updated: June 26, 2019 11:38:17


Stocks witnessed downward trend in early hours of trading on Monday as investors mostly followed cautious stance.

Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed downturn amid choppy trading in early hours.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 2.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 15 points at 10:45am.

After that the market started to decline. After 30 minutes of trading, the DSEX fell more than 5.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 30 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 5.72 points or 0.10 per cent to stand 5,378 points at 11:00am.

The DS30 index, comprising blue chips, also fell 5.44 points to reach at 1,891 points till then. The DSE Shariah Index also shed 0.82 point to stand at 1,230 points.

Turnover, the important indicator of the market, stood at Tk 580 million on DSE when the report was filed at 11:00am.

United Power was the most traded stocks till then with shares worth Tk 57 million changing hands, closely followed by Fortune Shoes, National Polymer, Sinobangla Industries and Bangladesh Shipping Corporation.

Of the issues traded till then, 133 advanced, 117 declined and 65 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-losing 30 points to stand at 16,478 points, also at 11:00am.

The Selective Category Index – CSCX –also fell 17 points to stand at 9,985 points till then.

Of the issues traded till then, 33 advanced, 48 declined 24 issues remained unchanged with Tk 16 million in turnover.

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