DSE, CSE inch higher after choppy trading

FE Online Report | Published: July 19, 2018 16:06:25 | Updated: July 21, 2018 10:44:14

Stocks inched higher on Thursday after volatile trading as most of the investors were active both sides of trading fence amid ongoing earnings declaration.

The market opened on positive note and key index of the premier bourse rose about 26 points in the mid-session. However, late hours selling pressure wiped out most of the gains.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 3.24 points or 0.06 per cent to settle at 5,337.

Analysts said some optimistic investors continued their buying appetite on sector specific shares while risk-averse investors booked profit on bank and power stocks.

The two other indices also edged higher. The DS30 index, comprising blue chips, advanced 4.48 points to finish at 1,904 and the DSE Shariah Index gained 3.98 points to close at 1,273.

Turnover, another important indicator of the market, rose to Tk 9.12 billion on the Dhaka bourse, which was 5.68 per cent higher over the previous day’s Tk 8.63 billion.

Of the total 337 issues traded on the DSE trading floor, 153 closed lower, 150 higher and 34 issues remained unchanged.

A total number of 190,698 trades were executed in the day’s trading session on the DSE with trading volume of 188.93 million securities.

The market capitalisation of the DSE stood at Tk 3,870 billion on Wednesday which was Tk 3,867 billion in the previous day.

BBS Cables continued to dominate the DSE turnover chart with 5.11 million shares worth Tk 506 million changing hands.

The other turnover leaders were Golden Harvest Agro Industries, The IBN Sina, Legacy Footwear and Monno Ceramic Industries.

Padma Life Insurance was the day’s best performer, posting a gain of 10 per cent while Emerald Oil Industries was the worst loser, losing 10 per cent.

The port city bourse CSE edged higher with its CSE All Share Price Index – CASPI – advancing 41 points to settle at 16,444 and the Selective Categories Index - CSCX –gaining 40 points to finish at 9,948.

The losers beat gainers as 121 issues closed lower, 112 ended higher, with 20 issues remained unchanged on the CSE.

The port city bourse traded 10.01 million shares and mutual fund units worth more than Tk 1.52 billion in turnover.


Share if you like