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Stocks meander amid confidence crisis

FE Online Report | Published: October 30, 2019 11:30:49 | Updated: October 31, 2019 10:32:11


The Dhaka Stock Exchange (DSE) saw positive trend while the Chittagong Stock Exchange (CSE) witnessed negative in early trading on Tuesday as investors are mostly followed cautious stance.

Following the previous three days’ index fall, the DSE opened higher while the CSE saw downturn in early trading amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 11 points while the CSE All Share Price Index of port city’s bourse lost 6.0 points at 10:45am.

After 30 minutes of trading, DSEX gained more than 12 points while the CSE All Share Price Index of port city’s bourse fell 7.0 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 12.95 points or 0.27 per cent to stand at 4,683 points at 11:00am.

The DS30 index, comprising blue chips also advanced 4.08 points to 1,639 points. The DSE Shariah Index (DSES) rose 4.52 points to stand at 1,071 points till then.

Turnover, the important indicator of the market, stood at Tk 694 million when the report was filed at 11:00am.

Of the issues traded till then, 156 advanced, 83 declined and 57 remained unchanged.

Stylecraft Ltd was the most traded stocks till then with shares worth Tk 138 million changing hands, followed by National Tubes, Standard Ceramic, Monno Ceramic and Monno Jute Stafflers.

However, the port city’s bourse – the Chittagong Stock Exchange – (CSE), saw downward trend till then with CSE All Share Price Index- CASPI-losing 7.0 points to stand at 14,176 points, also at 11:00am.

The Selective Category Index – CSCX – also shed 6.0 points to stand at 8,621 points till then.

Of the issues traded till then, 34 advanced, 29 declined 10 remained unchanged with Tk 10 million in turnover.

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