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The Financial Express

Stocks fall as pessimism grips market

FE Online Report | Published: January 29, 2020 13:49:45 | Updated: January 30, 2020 11:50:21


File photo. (Collected) File photo. (Collected)

Stocks witnessed downward trend in early hours of trading on Wednesday as investors mostly followed cautious stance.

Following the previous day’s modest gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on negative note amid rising trading activities.

After 30 minutes of trading, DSEX lost more than 5.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse shed 3.0 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 5.40 points or 0.11 per cent to stand 4,505 points at 11:00am.

The DS30 index, comprising blue chips, also fell 6.98 points to reach at 1,536 points. The DSE Shariah Index lost 1.83 points to stand at 1,032 points till then.

Turnover, the important indicator of the market, stood at Tk 1.07 billion on DSE when the report was filed at 11:00am.

LafargeHolcim Bangladesh was the most traded stocks till then with shares worth Tk 108 million changing hands, closely followed by Oimex Electrode, BATBC, VFS Thread Dyeing and ADN Telecom.

Of the issues traded till then, 149 advanced, 103 declined and 61 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with CSE All Share Price Index- CASPI-losing 3.42 points to stand at 13,712 points, also at 11:00am.

The Selective Category Index – CSCX – also fell 4.12 points to stand at 8,312 points till then.

Of the issues traded till then, 48 advanced, 26 declined 16 issues remained unchanged with Tk 48 million in turnover.

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