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Stocks open mixed ahead of Eid festival

Coppertech makes flying debut


FE Online Report | Published: August 05, 2019 11:41:08 | Updated: August 06, 2019 11:35:15


Stocks witnessed mixed trend in early trading on Monday as investors were active both sides of trading fence ahead of Eid festival.

However, the Coppertech Industries made a flying trade debut as its share price jumped 298 per cent or Tk 29.8 each within first 30 minutes of trading at Dhaka Stock Exchnage.

Following the previous day’s flat ending, the Dhaka Stock Exchange (DSE) saw negative trend while the Chittagong Stock Exchange (CSE) opened on positive note.

Within first 15 minutes of trading, the key index of the country’s prime bourse gained 3.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 47 points at 10:45am.

After that it started to decline, especially the DSE. After 30 minutes of trading, the DSEX fell more than 5.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 44 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 5.64 points or 0.10 per cent to stand 5,167 points at 11:00am.

The DS30 index, comprising blue chips, fell 4.48 points to reach at 1,832 points till then. The DSE Shariah Index also lost 4.97 points to stand at 1,188 points.

Turnover, the important indicator of the market, stood at Tk 765 million on DSE when the report was filed at 11:00am.

The Coppertech Industries was the most traded stocks till then with shares worth Tk 181 million changing hands, closely followed by Monno Ceramic, Monno Jute Stafflers, Dragon Sweater and Al-Haj Textile.

Of the issues traded till then, 110 advanced, 115 declined and 62 remained unchanged on the DSE trading floor.

However, the port city’s bourse – the Chittagong Stock Exchange – (CSE) saw positive trend till then with CSE All Share Price Index- CASPI-advancing 44 points to stand at 15,837 points, also at 11:00am.

The Selective Category Index – CSCX – also gained 27 points to stand at 9,627 points till then.

Of the issues traded till then, 31 advanced, 19 declined 17 remained unchanged with Tk 59 million in turnover.

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