Bangladesh
6 years ago

Bourses witness downturn at opening

FE file photo
FE file photo

Published :

Updated :

The prices of most of the shares on both bourses witnessed downward trend in early hour of trading on Sunday as most of the investors remained cautious amid poor earnings disclosures.

Following the previous 12 days’ correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower due to low trading activities.

Within first 15 minutes of trading, DSEX – the key index of the country’s prime bourse – fell 13 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 45 points at 10:45am.

After 30 minutes of trading, the DSEX fell more than 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 62 points at 11:00am when the report was filed.

The DSEX went down by 15.88 points or 0.29 per cent to reach at 5,427 points at 11:00am.

The two other indices also saw downward trend till then. The DS30 index, comprising blue chips, fell 0.39 points or 0.02 per cent to reach at 2,025 points.

The DSE Shariah Index (DSES) lost 1.77 points or 0.13 per cent to reach at 1,275 points till then.

Turnover, the important indicator of the market, stood at Tk 964 million when the report was filed.

Of the issues traded till then, 68 advanced, 160 declined, and 45 remained unchanged.

Legacy Footwear was the most traded stocks till then with shares worth Tk 55 million changing hands, closely followed by Queen South Textile Tk 54 million, BSRM Tk 53 million, Intraco Refueling Tk 37 million and Monno Ceramic Tk 34 million.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw negative trend till then with CSE All Share Price Index- CASPI-losing 62 points to stand at 16,742, also at 11:00am.

The Selective Category Index – CSCX –also fell 36 points to stand at 10,122 points till then.

Of the issues traded till then, 30 gained, 67 declined, and 10 issues remained unchanged with Tk 34 million in turnover.

[email protected]

Share this news