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The Financial Express

Bourses witness downturn at open

| Updated: September 20, 2020 15:13:25


Traders, in protective suits, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files Traders, in protective suits, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

Stocks on both the bourses witnessed a downward trend in the early trading on Thursday as investors were seen active on both sides of the trading fence.

Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) today opened on a negative trend amid low trading activities.

Within the first 30 minutes of trading, the DSEX fell more than 3.02 points while the CSE All Share Price Index (CASPI) of the port city’s bourse lost 2.40 points at 10:30am when the report was filed.

DSEX, the benchmark index of the DSE, went down by 3.02 points or 0.05 per cent to reach 5,113 points at that time.

The DS30 index, comprising blue chips, also lost 3.21 points to reach at 1,760 and the Shariah Index (DSES) shed 0.78 points to reach 1,168 points till then.

Turnover, one of the important indicators of the market, stood at Tk1.43 billion when the report was filed at 10:30am which was Tk 2.31 billion at the same time in the previous day.

Market analysts said cautious investors opted for booking profit following the recent price surge while some investors continued to pour fresh fund amid optimism.

Of the issues traded till then, 134 advanced, 109 declined and 79 remained unchanged.

Monno Ceramic Industries was the most traded stock till filing of this report with shares worth Tk 122 million changing hands, closely followed by Nitol Insurance, Saiham Cotton Mills, Republic Insurance and Beximco.

The Chittagong Stock Exchange (CSE) also saw a negative trend till then with the CASPI losing 2.40 points to stand at 14,593, also at 10:30am.

The Selective Categories Index (CSCX) also lost 2.06 points to reach 8,768 till then.

Of the issues traded till then, 51 gained, 38 declined, and 25 issues remained unchanged with Tk 34 million in turnover.

babulfexpress@gmai.com

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