Stocks witnessed downward trend in early hour of trading on Tuesday as investors mostly followed cautious stance amid depressed market outlook.
Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw negative trend amid sluggish trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 4.0 points while the CSE All Share Price Index of port city’s bourse lost 10 points at 10:40am.
After 30 minutes of trading, DSEX fell more than 38 points while the CSE All Share Price Index of port city’s bourse shed 37 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went down by 38.92 points or 0.81 per cent to stand at 4,722 points at 11:00am.
The DS30 index, comprising blue chips also lost 11 points to 1,664 points. The DSE Shariah Index (DSES) fell 8.66 points to stand at 1,080 points till then.
Turnover, the important indicator of the market, stood at Tk 635 million when the report was filed.
Of the issues traded till then, 37 advanced, 234 declined and 36 remained unchanged.
Eastern Insurance was the most traded stocks till then with shares worth Tk 48 million changing hands, followed by National Tubes, United Power, GP and Wata Chemicals.
The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw downward trend till then with CSE All Share Price Index- CASPI-losing 37 points to stand at 14,445 points, also at 11:00am.
The Selective Category Index – CSCX – also shed 45 points to stand at 8,760 points till then.
Of the issues traded till then, 14 advanced, 53 declined 8 remained unchanged with Tk 10 million in turnover.