Stocks on both bourse inched lower in early hour of trading Thursday as risk-averse investors are selling shares amid ongoing quarterly earnings and dividend declarations.
Following the previous sessions’ sharp decline, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on negative trend amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 8.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 0.26 points at 10:45am.
After 30 minutes of trading, the DSEX lost more than 9.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 26 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went down by 9.08 points or 0.15 per cent to reach at 5,730 points at 11:00am.
The DS30 index, comprising blue chips, also fell 0.91 points or 0.04 per cent to reach at 2,142.
The DSE Shariah Index (DSES) lost 0.54 points or 0.04 per cent to reach at 1,324 points till then.
Turnover, the important indicator of the market, stood at Tk 928 million when the report was filed at 11:00am.
Of the issues traded till then, 138 nudged higher, 72 declined and 35 remained unchanged.
Queen South Textile was the most traded stocks till then with shares worth Tk 97 million changing hands, closely followed by Beximco Tk 74 million, HR Textile Tk 53 million, Navana CNG Tk 51 million and BSRM Tk 38 million.
The port city bourse also saw negative trend till then with CSE All Share Price Index- CASPI-shedding 26 points to stand at 17,666, also at 11:00am.
The Selective Category Index – CSCX –also lost 15 points to stand at 10,681 points till then.
Of the issues traded till then, 41 gained, 39 declined and 11 issues remained unchanged with Tk 34 million in turnover.