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The Financial Express

Bourses witness mixed trend despite GP surge

FE Online Report | Published: February 23, 2020 12:09:57 | Updated: February 24, 2020 12:01:56


Investors monitoring stock price movements on computer screens at a brockerage house in the capital — FE/Files Investors monitoring stock price movements on computer screens at a brockerage house in the capital — FE/Files

Stocks witnessed volatility in the early hours of trading on Sunday despite a surge in Grameenphone (GP) shares following the news of the telcom operator's decision to deposit Tk 10 billion in dues to the BTRC.

Following the previous day’s modest correction, Dhaka Stock Exchange (DSE) saw a downturn while Chittagong Stock Exchange (CSE) saw a positive trend amid rising trading activities.

After the first hour of trading, DSEX, the key index of DSE, fell more than 5.0 points while the CSE All Share Price Index (CASPI) of the port city’s bourse gained 6.0 points at 11:30am when the report was filed.

DSEX went down by 5.48 points, or 0.11 per cent, to stand at 4,727 points at that time.

However, two other indices of the main bourse saw a positive trend till then. DS30 index, comprising blue chips, advanced 4.30 points to reach 1,597 and DSE Shariah Index gained 2.10 points to stand at 1,091 points till then.

Turnover, one of the important indicators of the market, stood at Tk 1.95 billion on DSE when the report was filed at 11:30am.

GP was the most traded stock till filing of this report with shares worth Tk 333 million changing hands, riding on the news that the telecom operator, as ordered by the Supreme Court, will deposit Tk 10 billion in dues today to BTRC.

Of the issues traded till then, 91 advanced, 194 declined, and 54 remained unchanged on the DSE trading floor.

However, CSE witnessed a positive note till then with the CASPI gaining 5.82 points to stand at 14,533 points, also at 11:30am.

The Selective Category Index (CSCX) also advanced 8.0 points to stand at 8,818 points till then.

Of the issues traded till then, 37 advanced, 72 declined, and 26 issues remained unchanged with Tk 80 million in turnover.

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