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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Stocks fall at open on profit booking

| Updated: September 16, 2020 10:02:05


Stocks fall at open on profit booking

Stocks witnessed a downward trend in early trading on Monday as risk-averse investors opted for quick-profit on sector-wise large-cap issues after recent price surge.

Following the previous day’s sharp gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid growing investors’ confidence.

Within the first five minutes of trading, the DSEX advanced more than 32 points while the CSE All Share Price Index (CASPI) of the port city’s bourse rose 27 points at 10:05am.

However, the positive market trend reversed after 25 minutes of trading as risk-averse investors opted for quick-profit on large-cap stocks.

After 30 minutes of trading, the DSEX fell more than 9.0 points while the CSE All Share Price Index (CASPI) of the port city’s bourse dropped 21 points at 10:30am when the report was filed.

DSEX, the prime index of the DSE, went down by 9.75 points or 0.19 per cent to reach 5,084 points at 10:30am.

The DS30 index, comprising blue chips, fell 8.30 points to reach at 1,748 and the Shariah Index (DSES) lost 1.91 points to reach 1,168 points till then.

Turnover, the other important indicator of the market, stood at Tk 2.08 billion when the report was filed at 10:30am which was Tk 2.35 billion in the previous day at 10:30am.

Of the issues traded till then, 182 advanced, 100 declined, and 57 remained unchanged.

Beximco Pharma was the most traded stocks till then with shares worth Tk 122 million changing hands, closely followed by United Power, Brac Bank, Orion Infusions and Beximco.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with CSE All Share Price Index- CASPI-losing 21 points to stand at 14,506, also at 10:30am.

The Selective Categories Index – CSCX also fell 17 points to reach 8,714 till then.

Of the issues traded till then, 69 gained, 34 declined, and 14 issues remained unchanged with Tk 31 million in turnover.

babulfexpress@gmai.com

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