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Stocks witnessed a downward trend in early trading on Wednesday as risk-averse investors opted for booking profits on the quick-gaining stocks.
Following the previous day’s marginal correction, the Dhaka Stock Exchange and the Chittagong Stock Exchange saw volatility at the opening as investors were active on both sides of the trading fence.
Within the first hour of trading, the DSEX fell more than 10 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 7.52 points at 11:00 am when the report was filed.
DSEX, the prime index of the DSE, went down by 10.50 points or 0.18 per cent to stand 5,580 points till then.
The DS30 index, comprising blue chips, also fell 8.82 points to reach 2,156 points. However, the Shariah Index (DSES) advanced 0.92 points to stand 1,267 points till then.
Turnover, another important indicator of the market, stood at Tk 2.93 billion within the first hour of trading when the report was filed at 11:00 am.
Of the issues traded till then, 90 advanced, 117 declined and 117 remained unchanged.
Newly listed Lub-reef (Bangladesh) is the most traded stock till then with shares worth Tk 428 million changing hands, followed by LafargeHolcim, Beximco, Robi, and Summit Power.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw a negative note with CSE All Share Price Index- CASPI-losing 7.52 points to stand at 16,249, also at 11:00 am.
Of the issues traded till then, 29 gained, 40 declined, and 26 remained unchanged with Tk 182 million in turnover.