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DSE, CSE end almost flat amid high turnover

FE Online Report | Published: February 12, 2019 15:57:43 | Updated: February 14, 2019 12:01:17


Stocks ended almost flat Tuesday with rising trading activities as investors were active on both sides of trading fence.

Following the previous two days’ correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 18 points while the CSE All Share Price Index (CASPI) of port city bourse rose 18 points at 10:45am.

After 30 minutes of trading, the DSEX rose more than 22 points while the CSE All Share Price Index (CASPI) of port city bourse gained 12 points at 11:00am.

After that the markets started to decline within 90 minutes of trading, DSEX advanced 3.41 points while the CSE All Shares Price Index gained 1.03 points at 12:00 noon.

At the end of the session, the prime index of the DSE, settled at 5,732, losing 1.95 points or 0.03 per cent over the previous day.

Two other indices also closed in the red. The DS30 index, comprising blue chips, fell 3.22 points to finish at 1,999. The DSES (Shariah) index also lost 2.05 points to settle at 1,309.

However, turnover, another important indicator of the market, increased to 9.01 billion, which was 25 per cent higher than the previous day’s turnover of Tk 7.19 billion.

A total number of 182,698 trades were executed in the day’s trading session with trading volume of 220.26 million shares and mutual fund units.

The market-cap of the DSE fell to Tk 4,149 billion, from Tk 4,166 billion in the previous day.

The gainers took a modest lead over the losers, as out of 348 issues traded, 155 closed higher, 148 ended lower and 45 remained unchanged on the DSE trading floor.

Fortune Shoes topped the day’s turnover with 21.08 million shares worth Tk 765 million changing hands, closely followed by United Power, Bangladesh Submarine Cables, Monno Ceramic and Grameenphone.

The port city bourse also closed in the red with the CSE All Share Price Index – CASPI – losing 20 points to settle at 17,554 while the Selective Categories Index – CSCX –shedding 14 points to finish at 10,620.

Here too, the gainers beat the losers as 134 issues ended higher, 106 lower and 28 remained unchanged.

The CSE—the port city bourse—traded 9.78 million shares and mutual fund units worth more than Tk 298 million in turnover.

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