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Stocks see downturn in early trading

| Updated: March 18, 2020 11:36:25


Investors monitoring stock price movements on computer screens at a brockerage house in the capital — FE/Files Investors monitoring stock price movements on computer screens at a brockerage house in the capital — FE/Files

Stocks witnessed a downward trend in the early trading on Monday amid growing tension over the impacts of coronavirus outbreak.

Within 15 minutes of trading, DSEX, the key index of DSE, rose more than 59 points after losing 160 points in the previous day, but could not sustain that level as nervous investors went on selling binge.

After 30 minutes of trading, the DSEX fell more than 19 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 28 points at 11:00am when the report was filed.

The DSEX went down by 19.28 points or 0.48 per cent to stand 3950 points at that time.

Two other indices also saw downturn till then. The DS30 index, comprising blue chips, shed 15.50 points to reach at 1,317 and the DSE Shariah Index lost 7.23 points to stand at 919 points till then.

Turnover, one of the important indicators of the market, stood at Tk 697 million on DSE when the report was filed at 11:00am.

Monno Ceramic was the most traded stock till filing of this report with shares worth Tk 59 million changing hands, closely followed by Orion Pharma, Orion Infusion, Far Chemical, and LafargeHolcim.

Of the issues traded till then, 144 advanced, 105 declined, and 68 remained unchanged on the DSE trading floor.

However, the Chittagong Stock Exchange saw positive trend till then with  the CASPI advancing 28 points to stand at 12,181 points, also at 11:00am.

The Selective Category Index (CSCX) also gained 16 points to stand at 7,384 points till then.

Of the issues traded till then, 56 advanced, 25 declined, and 17 issues remained unchanged with Tk 16 million in turnover.

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