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Stocks fall in early trading as selling spree continues

FE Online Report | Published: May 08, 2019 11:36:12 | Updated: May 20, 2019 11:11:07


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

The prices of most of the shares on both bourses witnessed a downward trend in early trading on Wednesday as risk-averse investors continued their selling spree.

Following the previous two days’ sharp fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note despite sluggish trading activities.

Within first 30 minutes of trading, DSEX, the key index of the country’s prime bourse advanced 11 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 10 points at 10:30am.

Since then the market index started to decline.

After first hour of trading, the DSEX fell more than 25 points while the CASPI of port city’s bourse lost 8.0 points at 11:00am when the report was filed.

The DSEX went down by 25.84 points or 0.48 per cent to reach at 5,264 points at that time.

The DS30 index, comprising blue chips, also lost 6.62 points to reach at 1,855 points till then while the DSE Shariah Index shed 4.82 points to stand at 1,217 points.

Turnover, the important indicator of the market, stood at Tk 941 million on DSE when the report was filed at 11:00am.

Of the issues traded till then, 57 advanced, 193 declined, and 44 remained unchanged on the DSE trading floor.

Monno Ceramic was the most traded stocks till filing of the report with shares worth Tk 65 million changing hands, closely followed by Fortune Shoes, Power Grid Company, Esquire Knit Composite and Bangladesh Shipping Corporation.

The Chittagong Stock Exchange (CSE) also saw a downward trend till then with the CASPI losing 8.0 points to stand at 16,223 points, also at 11:00am.

The Selective Category Index (CSCX) also fell 4.0 points to stand at 9,821 till then.

Of the issues traded till then, 29 gained, 82 declined, and 14 issues remained unchanged with Tk 31 million in turnover.

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