Stocks inch up amid low turnover at opening

FE Online Report | Published: August 13, 2018 11:42:17 | Updated: August 14, 2018 10:29:22


The bourses inched up amid amid low trading activities in early hour of trading on Monday as some investors active on sector-wise stocks.

Following the previous day’s flat ending, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened slightly higher.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 42 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 82 points at 10:45am.

However, it started to slow down as the session progressed.

After 30 minutes of trading, the DSEX advanced nearly 12 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 50 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 11.98 points or 0.22 per cent to reach at 5,419 points at 11:00am.

The DS30 index, comprising blue chips, also advanced 4.10 points to reach at 1,896 points.

The DSE Shariah Index saw a fractional gain of 0.53 points to reach at 1,236 points till then.

Turnover, the important indicator of the market, stood at Tk 970 billion when the report was filed at 11:00am as many investors reluctant to make fresh investment ahead of Eid festival.

BBS Cables was the most traded stocks till then with shares worth Tk 54 million changing hands, closely followed by LankaBangla Finance Tk 53 million, Rupali Bank Tk 47 million, Shepherd Industries Tk 30 million and Dhaka Bank Tk 29 million.

Of the issues traded till then, 119 advanced, 94 declined and 56 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-advancing 50 points to stand at 16,675, also at 11:00am.

The Selective Category Index – CSCX –also gained 31 points to stand at 10,096 points till then.

Of the issues traded till then, 47 gained, 25 declined and 12 issues remained unchanged with Tk 32 million in turnover.

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