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The Financial Express

Stocks down at opening amid lacklustre trade

| Updated: February 21, 2021 09:08:55


Investors react while monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files Investors react while monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

Stocks witnessed marginal fall in the early trading on Thursday as investors continued their sell-offs on sector-wise issues amid persistent lacklustre trading.

Following the previous day’s marginal fall, the Dhaka Stock Exchange and the Chittagong Stock Exchange opened lower amid volatility as investors remained confused about the clear market direction.

Within the first hour into trade, DSEX fell more than 10 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 65 points at 11:00 when the report was filed.

DSEX, the benchmark index of the DSE, went down by 10.77 points or 0.18 per cent to stand at 5,493 points at that time.

Two other DSE indices also saw negative trends till then. The DS30 index, comprising blue chips fell 11.84 points to reach 2,108 and the Shariah Index (DSES) lost 4.95 points to stand at 1,245 points till then.

Turnover, another important indicator of the market, stood at Tk 2.42 billion within the first hour of trading at 11:00 am.

Of the issues traded till then, 140 advanced, 66 declined, and 104 remained unchanged.

Beximco - the flagship company of Beximco Group- was the most traded stock till filing of this report with shares worth Tk 1.04 billion changing hands, followed by BATBC, Robi, LankaBangla Finance and Beximco Pharma.

The Chittagong Stock Exchange also saw a negative trend with the CASPI losing 65 points to stand at 15,875, also at 11:00 am.

Of the issues traded till then, 42 gained, 42 declined, and 36 issues remained unchanged with Tk 60 million in turnover.

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