The Financial Express

Bourses open lower amid thin participation

| Updated: June 03, 2020 11:48:52

Bourses open lower amid thin participation

Stocks saw downward trend in early hour of trading on Tuesday, maintaining the previous day’s downturn amid growing tension over the impacts of Covid-19 pandemic in the listed companies’ earnings.

Within first 30 minutes of the trading, DSEX fell more than 10 points while the Selective Category Index of port city bourse, however, gained 27 points at 11:00 am when the report was filed.

DSEX, the prime index of the DSE, went down by 10.58 points or 0.26 per cent to stand at 3988 points at 11:00am.

Two other indices also fell marginally till then. The DS30 index, comprising blue chips lost 4.22 points to 1342. The DSE Shariah Index (DSES) fell 3.81 points to stand at 926 points till then.

Turnover, the important indicator of the market, stood at only Tk 230 million when the report was filed at 11:00am.

Turnover remains low as presence of investors is still thin in the brokerage houses as many investors are yet to back in Dhaka.

The brokerage houses also discourage their clients for rushing in the houses physically and inspire for executing their trade through internet based device and mobile apps due to the ongoing pandemic.

Of the issues traded till then, 18 advanced, 38 declined and 136 remained unchanged as transactions take placed based on the floor price of the shares.

The stock market regulator – the Bangladesh Securities and Exchange Commission imposed circuit breaker to boost the ailing market from March 19 last.

Pharma companies continued to lead the turnover board with Square Pharma was the most traded stocks till then with shares worth Tk 99 million changing hands, followed by Beximco Pharma, Orion Pharma, Indo-Bangla Pharma and Beximco.

The CSE also saw downward trend till then with its All Shares Price Index (CASPI)—losing 44 points to reach at 11,296 and the Selective Categories Index - CSCX –shedding 27 points to finish at 6,845 at 11:00am

Of the issues traded till then, 3 gained, 12 declined and 23 remained unchanged on the CSE with turnover of Tk 8.0 million.


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