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Stocks inch up in tentative trading at opening

FE Online Report | Published: November 19, 2018 11:22:02 | Updated: November 20, 2018 12:11:24


Stocks edged up in early hour of trading on Monday as some investors are showing their buying spree on sector-wise stocks.

Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed upward trend in cautious trading ahead of the national election.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 21 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 23 points at 10:45am.

However, the market trend slowed down some extent as the session progressed.

After 30 minutes of trading, the DSEX advanced more than 10 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 2.0 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 10.78 points or 0.20 per cent to stand 5,266 points at 11:00am.

The DS30 index, comprising blue chips, advanced 1.44 points to reach at 1,854 points till then. The DSE Shariah Index also gained 2.43 points to stand at 1,215 points.

Turnover, the important indicator of the market, stood at Tk 1.73 billion on DSE when the report was filed at 11:00am.

Intech Ltd was the most traded stocks till then with shares worth Tk 189 million changing hands, closely followed by Indo-Bangla Pharma, Kattali Textile, Monno Ceramic and United Power.

Of the issues traded till then, 147 advanced, 62 declined and 50 remained unchanged on the DSE trading floor.

However, the port city’s bourse – the Chittagong Stock Exchange – (CSE), saw negative trend till then with CSE All Share Price Index- CASPI-losing 2.0 points to stand at 16,127 points, also at 11:00am.

The Selective Category Index – CSCX –also lost 2.0 points to stand at 9,772 points till then.

Of the issues traded till then, 47 gained, 20 declined and 14 issues remained unchanged with Tk 53 million in turnover.

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