The Financial Express

Stocks witness negative trend at opening

| Updated: May 22, 2018 15:20:22

Evaly and Fianancial Express Evaly and Fianancial Express
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The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed negative trend in early hour of trading on Tuesday as investors remained followed cautious stance.

Following the previous day’s marginal gain, the DSE and the CSE opened marginally higher, but trading activities remains low.

Within first 30 minutes of trading, the key index of the country’s prime bourse advanced more than 7.75 points while the CSE All Share Price Index (CASPI) of the port city bourse gained 7.0 points at 10:30am.

After first hour of trading, the DSEX lost more than 10 points while the CSE All Share Price Index (CASPI) of port city bourse fell 11 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 10.84 points or 0.20 per cent to reach at 5,402 points at 11:00am.

The two other indices saw downward trend till then. The DS30 index, comprising blue chips, fell 6.65 points or 0.33 per cent to reach at 2,000 points.

The DSE Shariah Index (DSES) lost 0.32 point to reach at 1,268 points till then.

Turnover, the important indicator of the market, stood at Tk 923 million when the report was filed at 11:00am.

Of the issues traded till then, 100 advanced, 125 declined and 58 remained unchanged.

Recently listed Intraco Refueling Station was the most traded stocks till then with shares worth Tk 79 million changing hands, followed by Legacy Footwear Tk 78 million, Berger Paints Tk 76 million, Queen South Textile Tk 59 million and Advent Pharma Tk 45 million.

The Chittagong Stock Exchange also saw negative trend till then with CSE All Share Price Index- CASPI-losing 11 points to stand at 16,698, also at 11:00am.

The Selective Category Index – CSCX –also fell 7.0 points to stand at 10,100 points till then.

Of the issues traded till then, 50 gained, 38 declined and 19 issues remained unchanged with Tk 30 million in turnover.

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