Stocks witnessed downward trend after first hour of trading on Wednesday as cautious investors continued their selling binge on sector-wise issues.
Following the previous day’s modest correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower with low trading activities.
Within 30 minutes of trading, the DSEX fell more than 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 23 points at 11:00am.
After first hour of trading, DSEX fell more than 22 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 29 points at 11:30am when the report was filed.
DSEX, the prime index of the DSE, went down by 22.14 points or 0.38 per cent to stand 5,716 points at 11:30am.
The DS30 index, comprising blue chips, also fell 15 points to reach at 1999 points till then.
The DSE Shariah Index also lost 6.79 points to stand at 1,312 points at 11:30am.
Turnover, the important indicator of the market, stood at Tk 1.56 billion on DSE when the report was filed at 11:30am.
Fortune Shoes was the most traded stocks till then with shares worth Tk 175 million changing hands, closely followed by Monno Ceramic, Meghna Petroleum, United Power and Khulna Power.
Of the issues traded till then, 121 advanced, 132 declined and 64 remained unchanged on the DSE trading floor.
The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw negative trend till then with CSE All Share Price Index- CASPI-shedding 29 points to stand at 17,505 points, also at 11:30am.
The Selective Category Index – CSCX –also lost 17 points to stand at 10,605 points till then.
Of the issues traded till then, 51 gained, 57 declined and 19 issues remained unchanged with Tk 34 million in turnover.
