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Stocks witness sluggish trading at opening

FE Online Report | Published: June 23, 2019 11:35:14 | Updated: June 24, 2019 11:42:32


Investors monitoring stock price movements on computer screens at a brockerage house in the capital city — FE/Files

Stocks witnessed slow trading in early hour on Sunday as investors were waiting for decision on tax review issue.

Following the previous week’s correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed a positive trading amid low trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced 1.0 point while the CSE All Share Price Index (CASPI) of port city’s bourse gained 20 points at 10:45am.

After 30 minutes of trading, the DSEX gained more than 3.0 points while the CASPI of Chattogram bourse rose 48 points at 11:00am when the report was filed.

The DSEX went up by 3.10 points or 0.05 per cent to stand 5,398 points at 11 that time.

The DS30 index, comprising blue chips, also advanced 1.97 points to reach at 1,896 points till then, while the DSE Shariah Index also rose 0.86 points to stand at 1,234 points.

Turnover, the important indicator of the market, stood at Tk 450 million on the DSE when the report was filed at 11:00am.

United Power was the most traded stocks till filing of this report with shares worth Tk 51 million changing hands, closely followed by Eastern Insurance, Global Insurance, RN Spinning, and JMI Syringes.

Of the issues traded till then, 102 advanced, 116 declined, and 76 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) saw a positive trend till then with the CASPI advancing 48 points to stand at 16,571 points, also at 11:00am.

The Selective Category Index (CSCX) also gained 30 points to stand at 10,041 points till then.

Of the issues traded till then, 41 advanced, 38 declined, 21 issues remained unchanged with Tk 59 million in turnover.

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