Stocks descent as pessimism grips market

FE Online Report | Published: October 21, 2019 11:28:09 | Updated: October 22, 2019 10:46:09

Stocks witnessed downward trend in early hour of trading on Monday as investors mostly followed cautious stance amid depressed market outlook.

Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw negative trend amid sluggish trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse gained more than 7.0 points while the CSE All Share Price Index of port city’s bourse gained 15 points at 10:40am.

After that it started to decline. After 30 minutes of trading, DSEX fell more than 2.0 points while the CSE All Share Price Index of port city’s bourse lost 24 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 2.08 points or 0.04 per cent to stand at 4,780 points at 11:00am.

The DS30 index, comprising blue chips also lost 5.03 points to 1,680 points. The DSE Shariah Index (DSES) fell 1.90 points to stand at 1,097 points till then.

Turnover, the important indicator of the market, stood at Tk 381 million when the report was filed at 11:00am.

Of the issues traded till then, 113 advanced, 94 declined and 61 remained unchanged.

Monno Jute Stafflers was the most traded stocks till then with shares worth Tk 44 million changing hands, followed by Wata Chemicals, National Tubes, Monno Ceramic and Fortune Shoes.

The port city’s bourse also saw downward trend till then with CSE All Share Price Index- CASPI-losing 24 points to stand at 14,518 points, also at 11:00am.

The Selective Category Index – CSCX – also shed 15 points to stand at 8,825 points till then.

Of the issues traded till then, 18 advanced, 15 declined 6 remained unchanged with Tk 5.0 million in turnover.


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