Stocks inch up after bumpy ride

FE Online Report | Published: July 08, 2018 15:47:04 | Updated: July 09, 2018 11:21:43

Stocks inched up on Sunday after volatile trading throughout the session as risk-averse investors went on late hours selling binge.

The market opened on a high note and the key index of the prime bourse crossed the 5,400-mark, gaining 44 points in the mid-session.

But, it could not sustain that level as cautious investors went to sell shares, sector-wise.

Finally, the prime index of Dhaka Stock Exchange (DSE), settled at 5,366 points, advancing only 3.74 points or 0.06 per cent.

Two other indices of the DSE edged up.

Of those, DS30 index, comprising blue chips, advanced 2.67 points to finish at 1,929 and DSE Shariah index gained 5.90 points to close at 1,267.

Turnover, an important indicator of the market, stood at Tk 8.92 billion, which was 1.10 per cent lower than the previous session’s seven months highest turnover of Tk 9.02 billion.

Of the traded issues, 165 declined, 128 advanced and 46 issues remained unchanged on the DSE trading floor.

The newly listed Bashundhara Paper Mills topped the DSE turnover chart with shares worth Tk 666 million changing hands, closely followed by Ratanpur Steel, United Power, BBS Cables and Alif Industries.

However, the port city bourse CSE also ended marginally lower with its CSE All Share Price Index – CASPI – shedding 14 points to settle at 16,490 and the Selective Categories Index - CSCX – losing 8.0 points to finish at 9,975.

Here too, losers beat gainers as 108 issues closed lower, 103 ended higher, with 26 issues remained unchanged on the CSE.

The port city bourse traded 13.36 million shares and mutual fund units worth more than Tk 448 million in turnover.

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