Bangladesh
6 years ago

Stocks witness downturn in early trading

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The prices of most of the shares on bourses saw downward trend in early hour of trading Thursday as investors followed cautious stance amid ongoing dividend declaration session.

Following the previous day’s flat movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 5.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse also gained 31 points at 10:45am.

After 30 minutes of trading, the DSEX fell more than 5.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 10 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 5.24 points or 0.09 per cent to stand 5,385 points at 11:00am.

The DS30 index, comprising blue chips, also fell 3.32 points to reach at 1,898 points till then. The DSE Shariah Index shed 2.62 points to stand at 1,237.

Turnover, the important indicator of the market, stood at Tk 886 million on DSE when the report was filed at 11:00am.

Intech Ltd was the most traded stocks till then with shares worth Tk 130 million changing hands, closely followed by IFAD Autos Tk 96 million, United Power Tk 57 million, SK Trims Tk 51 million and Pioneer Insurance Tk 50 million.

Of the issues traded till then, 93 advanced, 106 declined and 53 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange –saw negative trend till then with CSE All Share Price Index- CASPI-losing 10 points to stand at 16,548, also at 11:00am.

The Selective Category Index – CSCX –also lost 6.0 points to stand at 10,023 points till then.

Of the issues traded till then, 22 gained, 29 declined and 09 issues remained unchanged with Tk 17 million in turnover.

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