The Financial Express

Stocks witness downturn after first hour of trading

| Updated: March 05, 2019 11:36:12

FE file photo used for representation FE file photo used for representation

Stocks witnessed a downward trend after first hour of trading on Monday as cautious investors were selling shares on sector specific shares.

Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened positive despite low trading activities in the morning.

Within 30 minutes of trading, DSEX, key index of the DSE, advanced more than 7.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 12 points at 11:00am.

The DSEX started to decline subsequently. After first hour of trading, the DSE prime index fell more than 12 points while the CASPI of Chattogram bourse fell 2.50 points at 11:30am when the report was filed.

The DSEX went down by 12.40 points or 0.21 per cent to stand at 5,710 points till then.

The DS30 index, comprising blue chips, also fell 8.55 points to reach at 1993 points also at 11:30am.

The DSE Shariah Index also lost 5.42 points to stand at 1,312 points at that time.

Turnover, the important indicator of the market, stood at Tk 1.94 billion on DSE when the report was filed.

Monno Ceramic Industries was the most traded stocks till then with shares worth Tk 248 million changing hands, closely followed by United Power, Bangladesh Submarine Cable Company, Premier Bank, and Singer Bangladesh.

Of the issues traded till then, 129 advanced, 122 declined, and 63 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) saw a negative trend till then with the CASPI losing 2.50 points to stand at 17,502 points, also at 11:30am.

The Selective Category Index (CSCX) also lost 1.98 points to stand at 10,602 points till then.

Of the issues traded till then, 33 gained, 44 declined, and 21 issues remained unchanged with Tk 30 million in turnover.

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