Stocks witness downturn at opening amid slow DSE website


FE ONLINE REPORT | Published: August 20, 2020 13:22:47


FE file photo

Stocks witnessed a downward trend in early trading on Thursday as the new website of the Dhaka Stock Exchange (DSE) is hampering investors’ trading activities.

The investors and stockbrokers have been facing troubles in executing and modifying trading orders on the system for the last couple of days when the turnover of the market is soaring.

Following the previous day’s sharp gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on downward trend on Thursday.

Within first 30 minutes of trading, the key index of the country’s prime bourse fell more than 17 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost more than 48 points at 10:30am when the report was filed.

DSEX, the prime index of the DSE, went down by 17.46 points or 0.36 per cent to reach 4,773 points at 10:30am.

The two other indices also saw a downward trend till then. The DS30 index, comprising blue chips, fell 5.24 points to reach at 1,639 and the DSE Shariah Index (DSES) shed 2.02 points to reach at 1,092 points till then.

Turnover, the important indicator of the market, stood at Tk 1.75 billion when the report was filed at 10:30am.

Of the issues traded till then, 95 advanced, 11 declined, and 33 remained unchanged.

Beximco was the most traded stocks till then with shares worth Tk 236 million changing hands, closely followed by IFIC Bank, Beximco Pharma, Indo-Bangla Pharma and Active Fine Chemicals.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw a downward trend till then with CSE All Share Price Index- CASPI-losing 48 points to stand at 13,679, also at 10:30am.

The Selective Category Index – CSCX –also lost 28 points to stand at 8,255 points till then.

Of the issues traded till then, 31 gained, 45 declined, and 19 issues remained unchanged with Tk 32 million in turnover.

babulfexpress@gmai.com

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