Stocks witnessed a downward trend in early hour of trading on Wednesday as risk-averse investors went on selling binge on sector-wise shares.
Following the previous day’s downturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) also opened lower at opening amid rising trading activities.
Within first 30 minutes of trading, DSEX, the key index of the country’s prime bourse lost more than 5.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 40 points at 11:00am.
After first hour of trading, the DSEX went down more than 21 points while the CASPI of Chattogram bourse shed 50 points at 11:30am when the report was filed.
The DSEX then went down by 21.72 points or 0.45 per cent to stand at 4,757 points at 11:30am.
The DS30 index, comprising blue chips, also went down by 10.35 points to 1,653 points while the DSE Shariah Index (DSES) lost 4.20 points to stand at 1,090 points till then.
Turnover, one of the important indicators of the market, stood at Tk 1.23 billion when the report was filed at 11:30am.
Of the issues traded till then, 114 advanced, 172 declined, and 40 remained unchanged.
Sonar Bangla Insurnace was the most traded stocks till filing of this report with shares worth Tk 68 million changing hands, followed by Global Insurance, National Tubes, Wata Chemicals, and Renata.
The Chittagong Stock Exchange (CSE) also saw a negative trend till then with the CASPI losing 50 points to stand at 14,481 points, also at 11:30am.
The Selective Category Index (CSCX) also lost 31 points to stand at 8,798 points till then.
Of the issues traded till then, 35 advanced, 70 declined, 12 remained unchanged with Tk 20 million in turnover.