DSE, CSE tumble in early trading

| Updated: January 26, 2019 10:19:46

Stocks tumble in early trading

The prices of most of the shares on bourses witnessed downward trend in early hour of trading on Thursday as some investors are booking profit on sector-wise issues.

Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 11 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 4.0 points at 10:45am.

After 30 minutes of trading, the DSEX fell more than 9.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 3.0 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 9.81 points or 0.16 per cent to stand 5,829 points at 11:00am.

The DS30 index, comprising blue chips, also lost 4.73 points to reach at 2,012 points till then. The DSE Shariah Index fell 5.19 points to stand at 1,317 points.

Turnover, the important indicator of the market, stood at Tk 1.72 billion on DSE when the report was filed at 11:00am.

S.S. Steel which made trading debut on Thursday was the most traded stocks till then with shares worth Tk 204 million changing hands, followed by Sonarbangla Insurance, JMI Syringes, Agrani Insurance and Khulna Power.

Of the issues traded till then, 109 advanced, 144 declined and 38 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw negative trend till then with CSE All Share Price Index- CASPI-losing 3.0 points to stand at 17,903 points, also at 11:00am.

The Selective Category Index – CSCX –also fell 3.0 points to stand at 10,816 points till then.

Of the issues traded till then, 39 gained, 38 declined and 12 issues remained unchanged with Tk 53 million in turnover.

[email protected]

Share if you like