Stocks down in early trading

January 18, 2021 11:04:58

| Updated:

January 18, 2021 11:09:28

Traders, wearing masks, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

Stocks on both the bourses witnessed a downward trend in the early trading on Monday as many investors freed some funds to take positions on the new issue — Energypac Power Generation.

Energypac Power will make its shares trading debut on Dhaka Stock Exchange and Chittagong Stock Exchange under the “N” category on Tuesday.

Following the previous day’s major correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw volatility at opening this morning amid lower trading activities.

Within the first 30 minutes of trading, the DSEX fell more than 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse plunged 137 points at 10:30 am when the report was filed.

DSEX, the prime index of the DSE, went down by 15.66 points or 0.26 per cent to stand at 5,834 points at that time.

Two other DSE indices also saw a downturn. The DS30 index, comprising blue chips, fell 11.69 points to reach at 2,297 points and the Shariah Index (DSES) lost 0.70 points to stand at 1,298 points till then.

Turnover, another important indicator of the market, stood at Tk 2.96 billion within 30 minutes of trading when the report was filed at 10:30am.

Of the issues traded till then, 115 advanced, 116 declined, and 76 remained unchanged.

Robi Axiata was the most traded stocks till filing of this report with 8.86 million shares worth Tk 548 million changing hands, followed by Beximco, Summit Power, LankaBangla Finance and Beximco Pharma.

The Chittagong Stock Exchange (CSE) also saw a negative trend with the CASPI losing 137 points to stand at 16,934, also at 10:30 am.

Of the issues traded till then, 29 gained, 59 declined, and 22 issues remained unchanged with Tk 171 million in turnover.

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