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Stocks open lower with sluggish trading

FE Online Report | Published: May 20, 2019 11:06:03 | Updated: May 21, 2019 16:00:30


Investors react while monitoring stock price movements on computer screens at a brockerage house in the capital city ā€” FE/Files

The prices of most of the shares on both bourses witnessed a downward trend in early trading on Monday as some investors were seen booking short-term profits on sector-wise issues after two-days’ market surge.

Following the previous day’s sharp rise, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower today with sluggish trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse fell 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 25 points at 10:45am.

After 30 minutes of trading, the DSEX lost more than 19 points while the CASPI of Chattogram bourse fell 38 points at 10:30am when the report was filed.

The DSEX went down by 19.83 points or 0.37 per cent to stand at 5,315 at that time.

The DS30 index, comprising blue chips, lost 7.10 points to reach at 1,842 points till then while the DSE Shariah Index fell 2.97 points to stand at 1,212 points.

Turnover, the important indicator of the market, stood at Tk 708 million on DSE when the report was filed at 10:30am.

SK Trims Industries was the most traded stocks till filing of the report with shares worth Tk 94 million changing hands, closely followed by Brac Bank, IFIC Bank, Esquire Knit Composite, and Fortune Shoes.

Of the issues traded till then, 97 advanced, 122 declined, and 55 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) also saw a downward trend till then with the CASPI shedding 38 points to stand at 16,268 points, also at 10:30am.

The Selective Category Index (CSCX) also fell 22 points to stand at 9,849 points till then.

Of the issues traded till then, 29  gained, 46 declined, and 18 issues remained unchanged with Tk 20 million in turnover.

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