Bourses witness downturn in early trading Sunday

FE Online Report | Published: September 09, 2018 11:47:46 | Updated: September 13, 2018 12:01:44

FE file photo used for representation

The prices of most of the stocks on bourses saw a downward trend in early hour of trading on Sunday as some investors were seen selling their shares to book profit.

Following the previous week’s marginal correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower amid rising trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse fell 3.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 14 points at 10:45am.

After 30 minutes of trading, the DSEX fell more than 6.0 points while the CASPI of Chattogram bourse fell 22 points at 11:00am when the report was filed.

The DSEX went down by 6.05 points or 0.10 per cent to reach at 5,568 points at 11:00am.

The DS30 index, comprising blue chips, also fell 5.27 points to reach at 1,952 points.

The DSE Shariah Index lost 1.33 points to stand at 1,277 points till then.

Turnover, the important indicator of the market, stood at Tk 1.62 billion on DSE when the report was filed.

Dragon Sweater, which came back to regular market from spot market today, was the most traded stocks till then with shares worth Tk 225 million changing hands, followed by Nahee Aluminum Tk 172 million, Active Fine Chemicals Tk 154 million, United Power 109 million, and Khulna Power Tk 100 million.

Of the issues traded till then, 92 advanced, 112 declined, and 52 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) saw a negative trend till then with the CASPI losing 22 points to stand at 17,180, also at 11:00am.

The Selective Category Index (CSCX) also fell 8.40 points to stand at 10,418 points till then.

Of the issues traded till then, 28 gained, 40 declined, and 10 issues remained unchanged with Tk 286 million in turnover.

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