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The Financial Express

Stocks witness positive trend amid thin participation

| Updated: July 26, 2020 11:25:42


Stocks witness positive trend amid thin participation

Stocks witnessed positive trend in early trading on Thursday as some investors showed their buying appetite on sector-wise issues amid ongoing virus scare and the floor price system.

Within 30 minutes of trading, DSEX advanced more than 4.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 2.0 points at 11:00 when the report was filed.

DSEX, the prime index of the DSE, went up by 4.05 points or 0.10 per cent to stand 4,080 points at 11:00am.

Two other indices also edged up till then. The DS30 index, comprising blue chips, gained 1.41 points to reach at 1,373. DSE Shariah Index rose 1.40 points to stand at 946 points.

Turnover, the important indicator of the market, stood at Tk 380 million on DSE when the report was filed at 11:00 am.

Market operators said despite stocks opening on positive note, it has been struggling with a poor participation of investors for long due to the regulator- enforced floor price mechanism and no signs of improving the ongoing Covid-19 situation.

Pioneer Insurance was the most traded stocks till then with shares worth Tk 45 million changing hands, followed by Saiham Textile, AND telecom, Nahee Alumium and GP.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) saw positive trend till then with the CSE All Share Price Index- CASPI-advancing 2.0 points to stand at 11,608 points, also at 11:00am.

The Selective Category Index – CSCX – also gained 1.20 points to stand at 7,036 points till then.

Of the issues traded till then, 24 advanced, 16 declined and 35 issues remained unchanged with Tk 10 million in turnover.

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