Bourses open positive despite low trading

FE Online Report | Published: July 30, 2018 11:42:29 | Updated: July 31, 2018 10:36:50


FE file photo used for representation

Stocks witnessed positive trend in early hour of trading Monday as some investors were sowing their buying appetite on sector-wise issues amid ongoing earnings declaration.

Following the previous four days’ correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid low trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced more than 11 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 35 points at 10:45am.

After 30 minutes of trading, the DSEX advanced 7.68 points while the CASPI of port city’s bourse rose 20 points at 11:00am when the report was filed.

The DSEX went up by 7.68 points or 0.14 per cent to reach at 5,287 points at 11:00am.

The DS30 index, comprising blue chips, also advanced 1.58 points to reach at 1,880 points.

However, the DSE Shariah Index fell 1.10 points to reach at 1,247 points till then.

Turnover, the important indicator of the market, stood at Tk 957 million when the report was filed at 11:00am.

Legacy Footwear was the most traded stocks till then with shares worth Tk 85 million changing hands, closely followed by Monno Ceramic Industries Tk 67 million, The peninsula Chittagong Tk 63 million,  BBS Cables Tk 50 million, and KDS Accessories Tk 40 million.

Of the issues traded till then, 107 advanced, 111 declined, and 45 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange also saw positive trend till then with the CASPI advancing 20 points to stand at 16,285, also at 11:00am.

The Selective Category Index  (CSCX) also gained 8.0 points to stand at 9,850 points till then.

Of the issues traded till then, 43 gained, 33 declined, and 13 issues remained unchanged with Tk 17 million in turnover.

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