Bourses witness volatility in early trading

Stocks on both bourse witnessed volatility in early trading Thursday as investors remained followed cautious stance ahead of Ramadan.

The presence of the investors on the trading floor is also thin due to rough weather while some executed trading over phone.

Following the previous six days’ 186 points correction, the Dhaka Stock Exchange (DSE) saw positive trend at opening while the Chittagong Stock Exchange (CSE) opened lower amid rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 3.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 3.0 points at 10:45am.

After 30 minutes of trading, the DSEX fell 1.42 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 10 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 1.42 points or 0.02 per cent to reach at 5,625 points at 11:00am.

The DS30 index, comprising blue chips, also fell 2.92 points or 0.14 per cent to reach at 2,082 points.

However, the DSE Shariah Index (DSES) advanced 3.02 points or 0.23 per cent to reach at 1,312 points till then.

Turnover, the important indicator of the market, stood at Tk 1.20 billion when the report was filed at 11:00am.

Of the issues traded till then, 145 advanced, 65 declined and 38 remained unchanged.

Dragon Sweater was the most traded stocks till then with shares worth Tk 137 million changing hands, closely followed by BBS Cables Tk 178 million, Doreen Power Tk 57 million, BSRM Tk 60 million and Western Marine Shipyard Tk 56 million.

The port city’s bourse also saw negative trend till then with CSE All Share Price Index- CASPI-losing 10 points to stand at 17,357, also at 11:00am.

The Selective Category Index – CSCX –also fell 6.0 points to stand at 10,484 points till then.

Of the issues traded till then, 55 gained, 29 declined and 13 issues remained unchanged with Tk 45 million in turnover.

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