Stocks witnessed downward trend in early hour of trading on Wednesday as investors mostly followed cautious stance after recent volatility in the market.
Following the previous day’s sharp gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower amid low turnover despite state-run ICB active in the market.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 15 points while the CSE All Share Price Index of port city’s bourse lost 10 points at 10:40am.
After 30 minutes of trading, DSEX recovered most of the initial loss and shed more than 3.24 points while the CSE All Share Price Index of port city’s bourse gained 1.72 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went down by 3.24 points or 0.0.06 per cent to stand at 4,818 points at 11:00am.
The DS30 index, comprising blue chips also lost 1.38 points to 1,702 points. However, the DSE Shariah Index (DSES) saw a fractional gain of 0.38 point to stand at 1,110 points till then.
Turnover, the important indicator of the market, stood at Tk 700 million when the report was filed at 11:00am.
Of the issues traded till then, 114 advanced, 121 declined and 66 remained unchanged.
Bangladesh Shipping Corporation was the most traded stocks till then with shares worth Tk 88 million changing hands following its corporate declaration, followed by Fortune Shoes, National Tubes, Standard Ceramic and Monno Jute Stafflers.
The port city’s bourse – the Chittagong Stock Exchange – (CSE), saw positive trend till then with CSE All Share Price Index- CASPI-gaining 1.72 points to stand at 14,648 points, also at 11:00am.
The Selective Category Index – CSCX – also gained 1.06 points to stand at 8900 points till then.
Of the issues traded till then, 24 advanced, 42 declined 14 remained unchanged with Tk 14 million in turnover.