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DSE, CSE see negative trend at midday

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw negative trend in early hours of trading on Monday (July 8) as investors remain watchful in trading on large cap stocks.

Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid rising trading activities.

After two and a half hours of trading, DSEX posted only 9.14 points loss while the CSE All Shares Price Index declined 48.66 points at 1:14 pm.

DSEX, the prime index of the DSE, went up by 9.14 points or 0.17 per cent to stand 5323.94 points.

The DSE Shariah Index also advanced 2.90 points or 0.23 percent to stand at 1218.55 points.

However, the DS30 index, comprising blue chips, fell 2.57 points or 0.13 percent to reach at 1887.80 points till then.

Trade deals stood at 69,061 with transaction at Tk 2,441.06 million on the DSE within first two hours of trading.

Of the issues traded till then, 122 advanced, 187 declined and 44 remained unchanged.

Asian Tiger Sandhani Life Growth Fund was the most traded stocks till then with shares worth Tk 97.99 million changing hands, followed by Rupali Life Insurance Company Ltd and Rupali Life Insurance Company Ltd.

However, the Chittagong Stock Exchange saw negative trend till then with its Overall Share Index – CASPI – losing 48.66 points or 0.29 percent to stand at 16284 points, also at 1:14pm.

Of the 229 issues traded till then, 56 gained, 139 declined and 34 remained unchanged with TK 69.92 million in turnover.

source (BN24)

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