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Stocks witness sharp fall in early trading

FE Online Report | Published: July 21, 2019 11:35:28 | Updated: July 22, 2019 11:49:27


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

Stocks witnessed a sharp decline in early hour of trading on Sunday as investors mostly remained on selling spree, fearing further fall.

Following the previous week’s downturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on negative note amid low trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse fell 20 points while the CSE All Share Price Index (CASPI) of the port city’s bourse lost 50 points at 10:45am.

After 30 minutes of trading, the DSEX fell more than 35 points while the CASPI of Chattogram bourse lost 157 points at 11:00am when the report was filed.

The DSEX went down by 35 points or 0.68 per cent to stand at 5,095 points at that time.

The DS30 index, comprising blue chips, also fell 14 points to reach at 1,815 points till then while the DSE Shariah Index shed 8.65 points to stand at 1,167 points.

Turnover, the important indicator of the market, stood at Tk 734 million on DSE when the report was filed at 11:00am.

Fortune Shoes was the most traded stocks till filing of the report with shares worth Tk 83 million changing hands, closely followed by Rupali Life Insurance, Continental Insurance, National Life Insurance and United Power.

Of the issues traded till then, 75 advanced, 214 declined, and 39 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) also saw a sharp decline till then with the CASPI losing 157 points to stand at 15,567 points, also at 11:00am.

The Selective Category Index (CSCX)  also fell 94 points to stand at 9,463 points till then.

Of the issues traded till then, 25 advanced, 125 declined, 25 issues remained unchanged with Tk 28 million in turnover.

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