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The Financial Express

DSE, CSE open lower amid sluggish turnover

FE Online Report | Published: October 28, 2019 11:41:23 | Updated: October 28, 2019 13:52:08


Stocks open lower amid sluggish turnover

Stocks witnessed downward trend in early trading on Monday as investors are mostly on selling binge on sector-wise shares amid ongoing depressed market outlook.

Following the previous day’s modest correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw negative trend amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 21 points while the CSE All Share Price Index of port city’s bourse lost 25 points at 10:45am.

After 30 minutes of trading, DSEX eroded more than 31 points while the CSE All Share Price Index of port city’s bourse fell 48 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 31.11 points or 0.65 per cent to stand at 4,721 points at 11:00am.

The DS30 index, comprising blue chips also lost 10.24 points to 1,658 points. The DSE Shariah Index (DSES) shed 8.25 points to stand at 1,082 points till then.

Turnover, the important indicator of the market, stood at Tk 536 million when the report was filed at 11:00am.

Of the issues traded till then, 63 advanced, 171 declined and 47 remained unchanged.

National Tubes was the most traded stocks till then with shares worth Tk 56 million changing hands, followed by Standard Ceramic, Monno Ceramic, VFS Thread Dyeing and Sonar Bangla Insurance.

The port city’s bourse also saw downward trend till then with CSE All Share Price Index- CASPI-losing 48 points to stand at 14,412 points, also at 11:00am.

The Selective Category Index – CSCX – also shed 26 points to stand at 8,768 points till then.

Of the issues traded till then, 20 advanced, 46 declined 8 remained unchanged with Tk 12 million in turnover.

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