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DSE, CSE edge higher amid cautious trading

FE Online Report | Published: September 16, 2019 15:55:43 | Updated: September 17, 2019 12:23:13


Stocks edged up marginally on Monday amid cautious trading as some institutional investors came forward to support the market.

Meanwhile, Finance Minister AHM Mustafa Kamal held a meeting with the capital market stakeholders today.

DSEX, the prime index of the Dhaka Stock Exchange, went up by 17.49 points to settle at 4,959 over the previous day.

Market analysts said many good stocks have become lucrative following recent sharp correction which encouraged some investors to take position.

However, most of the institutional investors can not invest in the market as they are suffering from a liquidity crunch, said a leading broker.

Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 16.81 points to finish at 1,755 and the DSE Shariah Index gained 1.36 points to close at 1,155.

Turnover, a crucial indicator of the market, also rose to Tk 3.89 billion on the country’s premier bourse, rising 23 per cent over previous session’s mark of Tk 3.17 billion.

A total number of 118,463 trades were executed in the day’s trading session with trading volume of 90.51 million shares and mutual fund units.

The market-cap of the DSE stood at Tk 3,714 billion on Monday, from Tk 3,695 billion in the previous session.

Gainers took a modest over the losers as out of 353 issues traded, 161 closed higher, 136 ended lower and 56 remained unchanged on the DSE trading floor.

Monno Jute Stafflers topped the turnover chart with shares worth nearly Tk 335 million changing hands, followed by National Tubes, Stylecraft, Monno Ceramic and Beacon Pharma.

GQ Ball Pen was also the day’s best performer, posting a gain of 9.85 per cent while SEML FBLSL Growth Fund was the day’s worst loser, plunging by 9.30 per cent.

The port city’s bourse, the CSE, also ended higher with its All Shares Price Index (CAPSI) -- CASPI—rising 89 points to close at 15,062 and the Selective Categories Index - CSCX – gaining 54 points to finish at 9,146.

Here too, the gainers beat the losers as 125 issues closed higher; 86 lower and 36 remained unchanged on the CSE.

The port city bourse traded 5.35 million shares and mutual fund units worth Tk 335 million in turnover.

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