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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Stocks down at open amid low turnover

| Updated: June 24, 2020 10:09:18


Stocks down at open amid low turnover

Stocks saw downward trend in early trading on Monday amid low participation of investors as growing tension over the Covid-19 pandemic and floor price mechanism kept the investors on the sidelines.

Within 30 minutes of trading, DSEX fell more than 1.50 points while the CSE All Share Price Index (CASPI) of port city’s bourse shed 4.12 points at 10:30 am when the report was filed.

DSEX, the prime index of the DSE, went down by 1.52 points or 0.03 per cent to stand 3,926 points at 10:30 am.

The DSE core index is hovering between 3,950 and 3,970 points in the past 14 sessions as most of the sellers find almost no buyers amid growing tension over the Covid-19 pandemic and floor price mechanism.

Two other indices also saw fractional loss till then. The DS30 index, comprising blue chips, fell 0.24 point to reach at 1,326 and the DSE Shariah Index lost 0.08 point to stand at 918 points till then.

Turnover, the important indicator of the market, stood at Tk 89 million on DSE when the report was filed at 10:30 am.

Market analysts said the worsening pandemic situation has made the market almost buyer-less in recent days as the outbreak is going to put a long-lasting adverse impact on the country’s economy.

Pharma Aids was the most traded stocks till then with shares worth Tk 19 million changing hands, closely followed by JMI Syringes, Linde BD, Eastern Lubricants and Ambee Pharma.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) saw downturn at opening with CSE All Share Price Index- CASPI-losing 4.12 points to stand at 11,246 points, also at 10:30 am.

The Selective Category Index – CSCX – also shed 2.58 points to stand at 6,814 points till then.

Of the issues traded till then, 4 advanced, 9 declined and 12 issues remained unchanged with Tk 2.10 million in turnover.

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