Dhaka stocks down at opening

Energypac makes flying debut

January 19, 2021 11:03:29

Stocks on Dhaka bourse witnessed a downward trend in the early trading on Tuesday as risk-averse investors continued their profit booking sell-offs on quick-gaining stocks.

However, Energypac Power Generation made a flying trading debut on the Dhaka Stock Exchange and Chittagong Stock Exchange this morning.

The Energypac Power share reached at Tk 46.50 each on the DSE at the opening, soaring 50 per cent, the highest allowable limit from its cut-off price of Tk 31 each.

Within the first 30 minutes of trading, only one trade of Energypac Power share was executed as IPO share winners remained mostly unwilling to sell their stakes amid hope for a higher price.

Following the previous two days’ correction, the DSE and CSE saw volatility at today’s opening amid lower trading activities.

Within the first 30 minutes of trading, the DSEX fell more than 8.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 10 points at 10:30 am when the report was filed.

DSEX, the prime index of the DSE, went down by 8.04 points or 0.13 per cent to stand at 5,793 points at that time.

Two other indices also saw a downturn. The DS30 index, comprising blue chips, fell 8.53 points to reach at 2,186 points while the Shariah Index (DSES) lost 4.16 points to stand at 1,289 points till then.

Turnover, another important indicator of the market, stood at Tk 2.85 billion within 30 minutes of trading when the report was filed at 10:30 am.

Of the issues traded on the DSE till then, 126 advanced, 111 declined, and 70 remained unchanged.

Robi Axiata was the most traded stocks till then with 9.92 million shares worth Tk 545 million changing hands, followed by Beximco, Summit Power, LankaBangla Finance and Beximco Pharma.

However, the port city bourse (CSE) saw a positive note with the CASPI advancing 10 points to stand at 16,877, also at 10:30 am.

Of the issues traded till then, 40 gained, 38 declined, and 13 remained unchanged with Tk 140 million in turnover.

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