Stocks witness downturn in early trading

Dhaka,  Thu,  24 August 2017
Published : 17 Jul 2017, 12:25:23

Stocks witness downturn in early trading

FE Online Report
The prices of most of the shares on both bourses witnessed downward trend in early hour of trading Monday as risk-averse investors are booking profit on quick-gaining stocks.

After reaching the premier bourse’s core index record high in the previous session, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened with a positive note amid increased turnover.

Within first 15 minutes of trading, the key index of the country’s prime bourse rose 12 points while the Selective Category Index of port city bourse advanced 5.60 points at 10:45am.

Since then, it started to decline as cautious investors opted for profit taking.

After 30 minutes of trading, DSEX fell 4.82 points while the Selective Category Index of port city bourse lost 31 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 4.82 points or 0.08 per cent to come down at 5,840 points at 11:00am.

However, the two other indices stayed positive trend till then. The DS30 index, comprising blue chips advanced 1.45 points or 0.06 per cent to 2,135 points. The DSE Shariah Index (DSES) gained 0.55 points or 0.04 per cent to stand at 1,328 points.

Turnover, the important indicator of the market, stood at Tk 2.10 billion when the report was filed at 11:00am.

Of the issues traded till then, 87 advanced, 120 declined and 56 remained unchanged.

Confidence Cement led the turnover chart till then with shares worth Tk 189 million changing hands, closely followed by Simtex Industries Tk 170 million, IFAD Autos Tk 130 million, Keya Cosmetics Tk 100 million and Fortune Shoe Tk 90 million.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with its Selective Category Index – CSCX – losing 31 points to stand at 10,922 points, also at 11:00am.

Of the issues traded till then, 42 gained, 72 declined and 24 issues remained unchanged with BDT 127 million in turnover.

Editor : A.H.M Moazzem Hossain
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