Stocks on both bourses witnessed downward trend in early hour of trading Tuesday amid thin participation as risk-averse investors reluctant to make fresh investment ahead of monetary policy announcement.
Following the previous two days’ sharp fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower with low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell 1.68 points while the CSE All Share Price Index (CAPSI) of port city’s bourse lost 29 points at 10:45am.
After first 30 minutes of trading, the key index of the country’s prime bourse plunged more than 26 points while the CSE All Share Price Index (CAPSI) lost 49 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went down by 26.69 points or 0.44 per cent to reach at 6,031 points at 11:00am.
The two other indices also saw downturn till then. The DS30 index, comprising blue chips fell 7.30 points or 0.32 per cent to reach at 2,217 points.
The DSE Shariah Index (DSES) lost 3.02 points or 0.22 per cent to stand at 1,373.
Turnover, the important indicator of the market, stood at only Tk 400 million when the report was filed at 11:00am.
Of the issues traded till then, 75 nudged higher, 135 declined and 51 remained unchanged.
National Bank was the most traded stocks till then with shares worth Tk 36 million changing hands, closely followed by City Bank Tk 29 million, BD Thai Aluminium Tk 23 million, Dragon Sweater Tk 17 million and Square Pharmaceuticals Tk 16 million.
The port city bourse also saw downward trend till then with its All Share Price Index- CAPSI- losing 49 points to stand at 18,678 points, also at 11:00am.
The Selective Category Index – CSCX –also fell 29 points to stand at 11,281 points.
Of the issues traded till then, 12 gained, 50 declined and 14 issues remained unchanged with Tk 12 million in turnover.