Stocks witnessed downturn in early hour of trading on Tuesday as risk-averse investors went on selling binge on sector-wise issues.
Following the previous two days’ sharp gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw downward trend.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 16 points while the CSE All Share Price Index of port city’s bourse gained 35 points at 10:45am.
After that it started to decline. After 30 minutes of trading, DSEX fell more than 23 points while the CSE All Share Price Index of port city’s bourse lost 87 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went down by 23.36 points or 0.46 per cent to stand at 4,976 points at 11:00am.
Two other indices saw downward trend till then. The DS30 index, comprising blue chips fell 11.32 points to 1778 points and the DSE Shariah Index (DSES) shed 7.37 points to stand at 1,150 points till then.
Turnover, the important indicator of the market, stood at Tk 939 million when the report was filed at 11:00am.
Of the issues traded till then, 108 advanced, 153 declined and 63 remained unchanged.
Sonar Bangla Insurance was the most traded stocks till then with shares worth Tk 75 million changing hands, followed by Fortune Shoes, National Tubes, Monno Jute Stafflers and Grameenphone.
The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw downward trend till then with CSE All Share Price Index- CASPI-losing 87 points to stand at 15,131 points, also at 11:00am.
The Selective Category Index – CSCX – also fell 53 points to stand at 9,188 points till then.
Of the issues traded till then, 34 advanced, 51 declined 12 remained unchanged with Tk 23 million in turnover.
