Stocks fall on selling binge in early trading


FE Online Report | Published: February 19, 2019 11:29:07 | Updated: February 28, 2019 11:38:00


Stocks fall on selling binge

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

Following the previous day’s sharp fall, 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 nearly 8.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 9.0 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 7.92 points or 0.13 per cent to stand 5,716 points at 11:00am.

The DS30 index, comprising blue chips, lost 3.12 points to reach at 1983 points till then. The DSE Shariah Index fell 3.99 points to stand at 1,300 points.

Turnover, the important indicator of the market, stood at Tk 1.06 billion on DSE when the report was filed at 11:00am.

United Power was the most traded stocks till then with shares worth Tk 172 million changing hands, closely followed by Bangladesh Submarine Cable Company, Grameenphone, Alif Industries and Fortune Shoes.

Of the issues traded till then, 103 advanced, 132 declined and 63 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with CSE All Share Price Index- CASPI-losing 9.0 points to stand at 17,532 points, also at 11:00am.

The Selective Category Index – CSCX –also lost 4.0 points to stand at 10,610 points till then.

Of the issues traded till then, 32 gained, 38 declined and 23 issues remained unchanged with Tk 19 million in turnover.

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