Stocks witness volatility in early trading

FE Online Report | Published: October 16, 2017 12:11:12 | Updated: October 24, 2017 18:37:52


Stocks on both bourses witnessed volatility in early trading on Monday as investors are active both sides of trading fence.

Following the previous three days’ sharp decline, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower amid thin participation of investors.

Within first 15 minutes of trading, the key index of the country’s prime bourse fell 13.78 points while the Selective Category Index of port city bourse lost 12 points at 10:45am.

However, nest 15 minutes, it recovered the losses and DSEX gained 4.21 points while the Selective Category Index of port city bourse advanced 40 points at 11:00am.

After first hour of trading, DSEX advanced 6.90 points while Selective Category Index of the CSE gained 32 points at 11:30am when the report was filed.

DSEX, the prime index of the DSE, went up by 6.90 points or 0.11 per cent to stand at 6,016 points at 11:00am.

However, the two other indices saw negative trend till then. The DS30 index, comprising blue chips fell 1.02 points or 0.04 per cent to 2,192. The DSE Shariah Index (DSES) also lost 0.91 points or 0.06 per cent to stand at 1,321 points at 11:30am.

Turnover, the important indicator of the market, stood at Tk 1.47 billion after first hour of trading when the report was filed at 11:30am.

Of the issues traded till then, 134 advanced, 111 declined and 37 remained unchanged.

Uttara Bank dominated the turnover chart till then with shares of Tk 126 million changing hands, closely followed by City Bank with Tk 112 million, Brac Bank Tk 64 million, Exim Bank Tk 59 million, and Confidence Cement Tk 54 million.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then amid volatility with its Selective Category Index – CSCX –advancing 32 points to stand at 11,298 points, also at 11:00am.

Of the issues traded till then, 76 gained, 44 declined and 22 issues remained unchanged with Tk 52 million in turnover.

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