Stocks open week with downturn


FE Online Report | Published: February 24, 2019 11:32:39 | Updated: February 28, 2019 11:37:58


FE file photo used for representation

The prices of most of the shares on both the bourses witnessed a downward trend in the early hour of trading on Sunday as some investors continued their selling binge.

Following the previous week’s fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened the week lower with gloomy trading activities.

Within 30 minutes of trading, the DSEX fell more than 4.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 3.0 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 4.53 points or 0.07 per cent to stand at 5,741 points at 11:00am.

The DS30 index, comprising blue chips, lost 2.13 points to reach at 2000 points till then. The DSE Shariah Index also fell by 0.16 points to stand at 1,312 points.

Turnover, the important indicator of the market, stood at Tk 1.11 billion on the DSE when the report was filed at 11:00am.

Fortune Shoes was the most traded stocks till then with shares worth Tk 137 million changing hands, closely followed by Bangladesh Submarine Cable Company Tk 132 million, Monno Ceramic Tk 116 million, Khulna Power Tk 95 million and United Power Tk 50 million.

Of the issues traded till then, 122 advanced, 128 declined, and 45 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) also saw a negative trend till then with the CASPI losing 3.0 points to stand at 17,585 points, also at 11:00am.

The Selective Category Index (CSCX) also lost 2.0 points to stand at 10,643 points till then.

Of the issues traded till then, 32 gained, 28 declined, and 09 issues remained unchanged with Tk 16 million in turnover.

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