Bourses post modest gain in early trading

FE Online Report | Sunday, 15 December 2019

Stocks posted a marginal gain in the early hour of trading on Sunday as investors remained cautious amid growing concern over the country’s macroeconomic situation.

Following the last week’s slump, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw volatility in early trading amid low turnover value.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse gained more than 8.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 20 points at 10.45am.

After 30 minutes of trading, the DSEX went up more than 5.0 points while the CASPI of Chattogram bourse advanced 26 points at 11:00am when the report was filed.

The DSEX then went up by 5.70 points or 0.12 per cent to stand at 4,520 at that time.

The DSE Shariah Index (DSES) also gained 1.87 points to stand at 1,018. However, the DS30 index, comprising blue chips fell 1.64 points to 1,546 till then.

Turnover, one of the important indicators of the market, stood at Tk 570 million when the report was filed at 11:00am riding on the new issue.

Of the issues traded till then, 106 advanced, 94 declined, and 67 remained unchanged.

Ring Shine Textiles, which made debut on Thursday, was the most traded stocks till filing of this report with shares worth Tk 162 million changing hands, closely followed by Progressive Life Insurance, Shurwid Industries, Khulna Power, and Standard Insurance.

The Chittagong Stock Exchange also saw a marginal gain till then with the CASPI advancing 26 points to stand at 13,759 points, also at 11:00am.

The Selective Category Index (CSCX) advanced 16 points to stand at 8,348 points till then.

Of the issues traded till then, 22 advanced, 21 declined, and 9 remained unchanged with Tk 26 million in turnover.