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DSE, CSE lose ground in early trading

| Updated: December 18, 2018 11:46:42

Stocks lose ground in early trading

The prices of most of the shares on bourses witnessed downward trend in early hour of trading on Monday as investors mostly followed cautious stance ahead of elections.

Following the previous week’s major correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed volatility in the early trading amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 3.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 5.0 points at 10:45am.

However, after that it started to decline as the session progressed.

After 30 minutes of trading, the DSEX fell 1.36 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 11 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 1.36 points or 0.02 per cent to stand 5,249 points at 11:00am.

The DSE Shariah Index also fell 0.80 point to stand at 1,205 points.

However, the DS30 index, comprising blue chips, gained 3.50 points to reach at 1,847 points till then.

Turnover, the important indicator of the market, stood at Tk 360 million on DSE when the report was filed at 11:00am.

The low-cap companies dominated the turnover chart with Anlimayarn Dyeing was the most traded stocks till then with shares worth Tk 36 million changing hands, closely followed by JMI Syringes, Al-Haj Textile, ML Dyeing and Sonali Aansh Industries.

Of the issues traded till then, 57 advanced, 143 declined and 51 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw downward trend till then with CSE All Share Price Index- CASPI-losing 11 points to stand at 16,114 points, also at 11:00am.

The Selective Category Index – CSCX –also fell 7.0 points to stand at 9,747 points till then.

Of the issues traded till then, 23 gained, 27 declined and 11 issues remained unchanged with Tk 8.0 million in turnover.

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