Stocks witnessed downward trend in early hour of trading on Wednesday as risk-averse investors went on selling binge on sector-wise shares.
Following the previous day’s downturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw negative trend in early trading amid rising trading activities.
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 10:45am.
After 30 minutes of trading, DSEX shed more than 25 points while the CSE All Share Price Index of port city’s bourse eroded 12 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went down by 25.94 points or 0.51 per cent to came down below 5000-mark again to stand at 4,983 points at 11:00am.
The DS30 index, comprising blue chips also fell 7.84 points to 1750 points and the DSE Shariah Index (DSES) lost 6.50 points to stand at 1,163 points till then.
Turnover, the important indicator of the market, stood at Tk 1.06 billion when the report was filed at 11:00am.
Of the issues traded till then, 74 advanced, 177 declined and 66 remained unchanged.
IPDC Finance was the most traded stocks till then with shares worth Tk 94 million changing hands, followed by JMI Syringes, National Tubes, Beacon Pharma and United Insurance.
The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw downward trend till then with CSE All Share Price Index- CASPI-losing 12 points to stand at 15,215 points, also at 11:00am.
The Selective Category Index – CSCX – also fell 8.0 points to stand at 9,239 points till then.
Of the issues traded till then, 27 advanced, 44 declined 17 remained unchanged with Tk 20 million in turnover.