Stocks on both bourses witnessed downward trend in early hour of trading Wednesday as cautious investors are selling shares on sector-wise stocks ahead of year-closing.
Following the previous two days’ marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened negative trend with low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 3.0 points while the CSE All Shares Price Index of port city bourse lost 5.30 points at 10:45am.
After first 30 minutes of trading, the key index of the country’s prime bourse lost 8.14 points while the CSE All Shares Price Index of port city bourse shed 10 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went down by 8.14 points or 0.13 per cent to reach at 6,221 points.
The DS30 index, comprising blue chips also fell 4.80 points or 0.21 per cent to reach at 2,239.
However, the DSE Shariah Index (DSES) gained 0.69 points or 0.05 per cent to stand at 1,371.
Turnover, the important indicator of the market, stood at Tk 644 million when the report was filed at 11:00am.
Of the issues traded till then, 115 nudged higher, 90 declined and 54 remained unchanged.
National Tubes was the most traded stocks till then with shares worth Tk 92 million changing hands, closely followed by Alif Manufacturing Company, Rupali Bank Tk 33 million, Rupali Life Insurance Tk 31 million Olympic Accessories Tk 27 million.
The port city bourse also saw negative trend till then with its All Shares Price Index, CAPSI – losing 10 points to stand at 19,282, also at 11:00am.
The Selective Categories Index of the CSE also lost 7.0 points to reach at 11,652 points till then.
Of the issues traded till then, 30 gained, 26 declined and 12 issues remained unchanged with Tk 22 million in turnover.
