The Financial Express

Stocks mostly lower on selling spree

| Updated: June 11, 2018 12:18:32

Evaly and Fianancial Express Mobile Evaly and Fianancial Express Desktop
FE file photo FE file photo

The prices of most of the shares on both bourses witnessed a negative trend in the early hour of trading Sunday as some investors continued their selling spree on sectors-wise stocks.

Brokers said investors reacted to the proposed budget as there were no specific directions on the capital market except corporate tax cut for listed banks and financial institutions.

Following the previous day’s downward trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower with low turnover trading activities.

Within first 30 minutes of trading, DSEX, the key index of the country’s prime bourse fell more than 23 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 26 points at 10:30am.

After first hour of trading, the DSEX fell more than 30 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 64 points at 11:00am when the report was filed.

The DSEX went down by 30.34 points or 0.56 per cent to reach at 5,336 points at 11:00am.

The DS30 index, comprising blue chips, lost 14 points to reach at 1,964 points.

The DSE Shariah Index (DSES) also shed 6.0 points to reach at 1,232 points till then.

Turnover, the important indicator of the market, stood at Tk 1.15 billion when the report was filed.

Of the issues traded till then, 97 advanced, 134 declined, and 38 remained unchanged.

Monno Ceramic Industries was the most traded stocks till then with shares worth Tk 55 million changing hands, closely followed by Pharma Aid Tk 54 million, Usmania Glass Tk 48 million, Libra Infusion Tk 44 million, and Alif Industries Tk 43 million.

The port city’s bourse – the Chittagong Stock Exchange (CSE) also saw a negative trend till then with CSE All Share Price Index (CASPI) losing 64 points to stand at 16,485, also at 11:00am.

The Selective Category Index (CSCX) also falling 40 points to stand at 9,972 points till then.

Of the issues traded till then, 25 gained, 39 declined, and 12 issues remained unchanged with Tk 25 million in turnover.

[email protected]

Share if you like