Stocks witnessed downturn with key index dropped below the 4,400-mark in early hours of trading on Wednesday as panic-driven investors continued their selling binge.
Following the previous two days’ slump, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw downward trend in early trading amid low turnover value.
Within first 30 minutes of trading, DSEX went down more than 23 points while the CSE All Share Price Index of port city’s bourse fell 19 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went down by 23.06 points or 0.52 per cent to stand at 4,396 at 11:00am.
The DS30 index, comprising blue chips fell 14.20 points to 1,494. The DSE Shariah Index (DSES) also lost 9.30 points to stand at 985 points till then.
Turnover, the important indicator of the market, stood at Tk 343 million when the report was filed at 11:00am.
Of the issues traded till then, 63 advanced, 150 declined and 57 remained unchanged.
Ring Shine Textiles was the most traded stocks till then with shares worth Tk 27 million changing hands, closely followed by Beacon Pharma, SS Steels, Genex Infosys and Standard Ceramic.
The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw downturn till then with CSE All Share Price Index- CASPI-losing 19 points to stand at 13,422 points, also at 11:00am.
The Selective Category Index – CSCX – fell 12 points to stand at 8,139 points till then.
Of the issues traded till then, 23 advanced, 26 declined and 12 remained unchanged with Tk 12 million in turnover.
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