Stocks decline as investors take cautious stance

Stocks decline as investors take cautious stance

FE Online Reports | Published: July 18, 2019


Stocks witnessed downward trend in early hours of trading on Thursday as investors mostly followed cautious stance.

Following the previous two days’ marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive.

Within first 10 minutes of trading, the key index of the country’s prime bourse advanced 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 20 points at 10:45am.

After that it started to decline. After 30 minutes of trading, the DSEX fell more than 5.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 2.0 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 5.24 points or 0.10 per cent to stand 5,127 points at 11:00am.

The DS30 index, comprising blue chips, also fell 2.54 points to reach at 1,827 points till then. The DSE Shariah Index shed 0.74 points to stand at 1,176 points.

Turnover, the important indicator of the market, stood at Tk 625 million on DSE when the report was filed at 11:00am.

Fortune Shoes was the most traded stocks till then with shares worth Tk 78 million changing hands, closely followed by Sea Pearl Beach, National Polymer and Runner Automobiles.

Of the issues traded till then, 87 advanced, 166 declined and 60 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw negative trend till then with CSE All Share Price Index- CASPI-losing 2.04 points to stand at 15,728 points, also at 11:00am.

The Selective Category Index – CSCX – also fell 0.04 points to stand at 9,559 points till then.

Of the issues traded till then, 38 advanced, 67 declined 19 issues remained unchanged with Tk 22 million in turnover.

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