DSE, CSE rise amid low turnover at opening

FE Online Reports | Wednesday, 17 July 2019

Stocks witnessed positive trend in early hours of trading on Wednesday as investors showed their buying spree on sector-wise shares.

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

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 25 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 17 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 32 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 17.31 points or 0.33 per cent to stand 5,141 points at 11:00am.

The DS30 index, comprising blue chips, also advanced 5.92 points to reach at 1,835 points till then. The DSE Shariah Index gained 4.09 points to stand at 1,179 points.

Turnover, the important indicator of the market, stood at Tk 525 million on DSE when the report was filed at 11:00am.

Fortune Shoes was the most traded stocks till then with shares worth Tk 78 million changing hands, closely followed by Global Insurance, JMI Syringes, Asian Tiger Sandhani Life Growth Fund and Bangladesh Shipping Corporation.

Of the issues traded till then, 211 advanced, 40 declined and 41 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw positive note till then with CSE All Share Price Index- CASPI-advancing 32 points to stand at 15,734 points, also at 11:00am.

The Selective Category Index – CSCX – also gained 22 points to stand at 9,559 points till then.

Of the issues traded till then, 60 advanced, 33 declined 16 issues remained unchanged with Tk 12 million in turnover.