Stocks see downturn in early trading

FE Online Report | Published: August 20, 2018 11:27:57 | Updated: August 25, 2018 10:34:02

The prices of most of the stocks on both bourses witnessed a downward trend in early hour of trading on Monday, the last trading session before Eid-ul-Azha vacation.

Trading and official activities on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will remain closed on bourses from August 21 to August 25, including weekly holidays.

Following the previous day’s sharp gain, the DSE and the CSE opened lower amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse fell nearly 9.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 33 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 the port city bourse shed 11 points at 11:00 am when the report was filed.

DSEX, the prime index of the DSE, went down by 9.76 points or 0.17 per cent to reach 5,528 points at 11:00am.

Of two other indices of the premier bourse, DS30 index, comprising blue chips, also fell 2.76 points to reach 1,935 points and DSE Shariah index gained 1.82 points to stand at 1,252 points till then.

Turnover, an important indicator of the market, stood at Tk 718 million at 11:00 am, when the report was filed.

National Housing Finance was the most traded stocks till then with shares worth Tk 63 million changing hands, followed by LankaBangla Finance Tk 50 million, BBS Cables Tk 33 million, City Bank Tk 28 million and Brac Bank Tk 24 million.

Of the issues traded till then, 141 advanced, 96 declined and 45 remained unchanged on the DSE trading floor.

The port city bourse, CSE, also saw a downward trend with CSE All Share Price Index- CASPI-losing 11 points to stand at 16,993 at 11:00 am.

The Selective Category Index – CSCX –also fell 7.45 points to stand at 10,290 points till then.

Of the issues traded till 11:00 am, 38 gained, 29 declined and 11 issues remained unchanged with Tk 30 million in turnover.

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