Stocks post marginal gain after volatile trading

FE Online Report | Published: July 18, 2018 16:29:44 | Updated: July 19, 2018 16:06:25


Stocks posted a marginal gain Wednesday after volatile trading as investors opted for buying shares amid ongoing earnings declaration.

The market opened on higher note and key index of the premier bourse gained about 23 points within first 30 minutes of trading.

But, two-third of the initial gains wiped out amid selling pressure. 

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 8.69 points or 0.16 per cent to settle at 5,334.

The two other indices also edged higher. The DS30 index, comprising blue chips, advanced 5.60 points to finish at 1,899 and the DSE Shariah Index gained 6.10 points to close at 1,269.

Turnover, another important indicator of the market, also rose and amounted to Tk 8.63 billion on the DSE, which was 10 per cent higher over the previous day’s Tk 7.86 billion.

Of the total 341 issues traded on the DSE trading floor, 169 closed lower, 137 higher and 35 issues remained unchanged.

A total number of 182,742 trades were executed in the day’s trading session on the DSE with trading volume of 171.29 million securities.

KDS Accessories continued to top the DSE turnover chart with 3.11 million shares worth Tk 324 million changing hands.

The other turnover leaders were Aman Feed, Bashundhara Paper Mills, BBS Cables, and Peninsula Chittagong.

KDS Accessories was the day’s best performer, posting a gain of 9.95 per cent while BIFC was the worst loser, losing 10 per cent.

The port city bourse CSE edged higher with its CSE All Share Price Index – CASPI – advancing 18 points to settle at 16,403 and the Selective Categories Index - CSCX –gaining 3.0 points to finish at 9,908.

The losers beat gainers as 122 issues closed lower, 113 ended higher, with 18 issues remained unchanged on the CSE.

The port city bourse traded 28.56 million shares and mutual fund units worth more than Tk 604 million in turnover.

babulfexpress@gmail.com

Share if you like