Stocks inch down in early trading

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Stocks witnessed a slight loss in early hours of trading on Tuesday as investors mostly cautious amid growing concern over the country’s macroeconomic situation.

Following the previous session’s slump, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw volatility in early trading amid low turnover value.

Within first 15 minutes of trading, the key index of the country’s prime bourse lost more than 3.0 points while the CSE All Share Price Index of port city’s bourse shed 7.0 points at 10.45am.

After 30 minutes of trading, DSEX went down 0.78 point while the CSE All Share Price Index of port city’s bourse fell 10 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 0.78 points or 0.01 per cent to stand at 4,497 at 11:00am.

The DS30 index, comprising blue chips fell 0.21 points to 1,538. The DSE Shariah Index (DSES) also fell 1.13 points to stand at 1,013 till then.

Turnover, the important indicator of the market, stood at Tk 409 million when the report was filed at 11:00am riding on the new issue.

Of the issues traded till then, 96 advanced, 92 declined and 72 remained unchanged.

Ring Shine Textiles, which made debut on Thursday last, was the most traded stocks till then with shares worth Tk 45 million changing hands, closely followed by Beacon Pharma, Generation Next Fashion, Wata Chemicals and Bangladesh National Insurance Company.

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw marginal loss till then with CSE All Share Price Index- CASPI-losing 10 points to stand at 13,664 points, also at 11:00am.

The Selective Category Index – CSCX – fell 7.0 points to stand at 8,288 points till then.

Of the issues traded till then, 20 advanced, 29 declined and 11 remained unchanged with Tk 14 million in turnover.
Source: https://thefinancialexpress.com.bd

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