Loading...

Stocks see marginal correction in early trading

FE Online Report | Published: June 12, 2019 11:58:18 | Updated: June 13, 2019 10:27:10


Stocks see marginal correction in early trading on Wednesday as some investors are booking profits on recent surge.

Following the previous eight days’ gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower with low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse fell 9.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 20 points at 10:45am.

After 30 minutes of trading, the DSEX lost more than 18 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 34 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 18.52 points or 0.33 per cent to stand 5,457 points at 11:00am.

The DS30 index, comprising blue chips, lost 10 points to reach at 1,911 points till then. The DSE Shariah Index fell 4.45 points to stand at 1,240 points.

Turnover, the important indicator of the market, stood at Tk 765 million on DSE when the report was filed at 11:00am.

BBS Cables was the most traded stocks till then with shares worth Tk 80 million changing hands, closely followed by United Power, Bangladesh Shipping Corporation, JMI Syringes and National Life Insurance.

Of the issues traded till then, 184 declined, 65 advanced and 46 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-shedding 34 points to stand at 16,738 points, also at 11:00am.

The Selective Category Index – CSCX –also fell 20 points to stand at 10,140 points till then.

Of the issues traded till then, 67 declined, 23 advanced and 21 issues remained unchanged with Tk 24 million in turnover.

babulfexpress@gmail.com

Share if you like