The Financial Express
Swasti Lankabangla Swasti Lankabangla

Stock markets drop in early trading on coronavirus fears

| Updated: March 25, 2020 12:33:16

Stocks fall in early trading on virus fears

Stocks witnessed downturn in early trading on Tuesday amid growing tension over the impacts of coronavirus outbreak.

The presences of investors on the trading floor very thin due to mounting fears over coronavirus outbreak and many investors are executing trade over mobile phone, said a stockbroker.

The bourses also discourage their clients for rushing in the brokerage houses and encourage more for trading through mobile apps and other internet based device.

Within 30 minutes of trading, DSEX fell more than 19 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 18 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 19.74 points or 0.49 per cent to stand 3,965 points at 11:00am.

The DS30 index, comprising blue chips, fell 2.21 points to reach at 1,321 and the DSE Shariah Index lost 3.05 points to stand at 915 points till then.

Turnover, the important indicator of the market, stood at Tk 252 million on DSE when the report was filed at 11:00am.

Monno Ceramic was the most traded stocks till then with shares worth Tk 27 million changing hands, closely followed by Renata, Apex Footwear, Southeast Bank and Mercantile Bank.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw downturn till then with CSE All Share Price Index- CASPI-losing 18 points to stand at 11,253 points, also at 11:00am.

The Selective Category Index – CSCX – also fell 11 points to stand at 6,816 points till then.

Of the issues traded till then, 4 advanced, 23 declined and 39 issues remained unchanged with Tk 12 million in turnover.


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