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The Financial Express

Bourses witness downtrend at open

FE Online Report | Published: February 19, 2020 11:50:55 | Updated: February 20, 2020 16:36:43


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 hours of trading on Wednesday as risk-averse investors opted for booking quick-profit on selective shares.

Following the previous day’s modest correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on downturn today, but trading activities remained high.

After 30 minutes of trading, DSEX, the key index of DSE, fell more than 17 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 22 points at 11:00am when the report was filed.

DSEX went down by 17.16 points or 0.36 per cent to stand at 4,723 points at that time.

Two other indices also saw a downward trend till then. The DS30 index, comprising blue chips, fell 7.40 points to reach at 1,583 while the DSE Shariah Index lost 4.48 points to stand at 1,076 points till then.

Turnover, one of the important indicators of the market, stood at Tk 1.49 billion on DSE when the report was filed at 11:00am.

Summit Power was the most traded stocks till filing of this report with shares worth Tk 78 million changing hands, closely followed by Golden Harvest Agro Industries, LafargeHolcim, SK Trims, and Onrion Infusion.

Of the issues traded till then, 101 advanced, 169 decline,d and 63 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) also saw a downward trend till then with the CASPI losing 22 points to stand at 14,482 points, also at 11:00am.

The Selective Category Index (CSCX) also fell 13 points to stand at 8,783 points till then.

Of the issues traded till then, 48 advanced, 53 declined, and 17 issues remained unchanged with Tk 26 million in turnover.

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