Stocks moved up amid choppy trading in early hour of trading on Wednesday as investors are mostly followed cautious stance ahead of national election.
Following the previous four days’ correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trend amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell more than 1.0 point while the CSE All Share Price Index (CASPI) of port city’s bourse lost 0.92 points at 10:45am.
After 30 minutes of trading, the DSEX advanced more than 2.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 5.0 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went up by 2.76 points or 0.05 per cent to stand 5,278 points at 11:00am.
The DSE Shariah Index advanced 1.73 points to stand at 1,214 points.
However, the DS30 index, comprising blue chips, fell 3.24 points to reach at 1,845 points till then.
Turnover, the important indicator of the market, stood at Tk 756 million on DSE when the report was filed at 11:00am.
The low-cap companies dominated the turnover chart with Meghna Life Insurance was the most traded stocks till then with shares worth Tk 57 million changing hands, closely followed by Al-Haj Textile, Anlimayarn Dyeing, SK Trims and Sonali Aansh.
Of the issues traded till then, 153 advanced, 71 declined and 45 remained unchanged on the DSE trading floor.
The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw positive trend till then with CSE All Share Price Index- CASPI-gaining 5.0 points to stand at 16,167 points, also at 11:00am.
The Selective Category Index – CSCX –also rose 3.30 points to stand at 9,784 points till then.
Of the issues traded till then, 34 gained, 23 declined and 12 issues remained unchanged with Tk 26 million in turnover.