Markets down in early trading

FE Online Report | Published: April 24, 2019 11:20:12 | Updated: April 25, 2019 12:30:13


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The prices of most of the shares on both bourses witnessed a downward trend in early trading on Wednesday as worried investors continued their selling binge.

Following the previous day’s sharp decline, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower today with sluggish trading activities.

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

After 30 minutes of trading, the DSEX lost more than 28 points while CASPI of port city’s bourse fell 48 points at 11:00am when the report was filed.

The DSEX went down by 28.94 points or 0.55 per cent to stand at 5,231 points at that time.

The DS30 index, comprising blue chips, lost 9.17 points to reach at 1,863 points till then while the DSE Shariah Index fell 5.53 points to stand at 1,209 points.

Turnover, the important indicator of the market, stood at Tk 656 million on DSE when the report was filed at 11:00am.

United Power was the most traded stocks till filing of this report with shares worth Tk 156 million changing hands, closely followed by National Tubes, Monno Ceramic, Bangladesh Submarine Cable Company and Fortune Shoes.

Of the issues traded till then, 44 advanced, 172 declined, and 44 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange also saw a downward trend till then with the CASPI shedding 48 points to stand at 16,072 points, also at 11:00am.

The Selective Category Index (CSCX) also fell 28 points to stand at 9,725 points till then.

Of the issues traded till then, 12 gained, 50 declined, and 13 issues remained unchanged with Tk 20 million in turnover.

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