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Stocks post marginal gain in early trading

FE Online Report | Published: May 22, 2019 11:46:43 | Updated: May 23, 2019 12:20:49


The prices of most of the shares on the bourses witnessed positive trend in early trading on Wednesday as some investors showed their buying spree on sector-wise issues.

Following the previous two days’ fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed upturn, but trading activities remained low.

Within first 20 minutes of trading, the key index of the country’s prime bourse advanced 25 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 14 points at 10:30am.

After that the market started to decline and shed some early gains.

After first hour of trading, DSEX advanced more than 7.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 7.0 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 7.61 points or 0.14 per cent to reach at 5,244 points at 11:00am.

Two other indices also saw positive trend till then with the DS30 index, comprising blue chips, gained 4.13 points to reach at 1,826 and the DSE Shariah Index advanced 3.83 points to stand at 1,199 points till then.

Turnover, the important indicator of the market, stood at Tk 692 million on DSE when the report was filed at 11:00am.

Of the issues traded till then, 172 advanced, 60 declined and 66 remained unchanged on the DSE trading floor.

Eastern Cables was the most traded stocks till then with shares worth Tk 57 million changing hands, closely followed by Fortune Shoes, United Power, Oimex Industries, and SK Trims Industries.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-gaining 7.0 points to stand at 16,014 points, also at 11:00am.

The Selective Category Index – CSCX –also rose 4.0 points to stand at 9,695 till then.

Of the issues traded till then, 50 gained, 33 declined and 25 issues remained unchanged with Tk 22 million in turnover.

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