Bangladesh
6 years ago

Stocks witness volatility in early trading

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Dhaka and Chittagong bourses witnessed volatile trading in early hour of trading Tuesday as investors are active on both sides of the trading fence.

The presence of the investors is also thin on the trading floor as many investors are yet to resume businesses in Dhaka after enjoying Eid holidays in rural areas.

Following the previous day’s mild correction, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) opened on a positive note amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 13 points while the CSE All Share Price Index (CASPI) of the port city’s bourse gained 24 points at 10:45am.

After 30 minutes of trading, DSEX advanced only 1.42 points while the CSE All Share Price Index (CASPI) fell 0.35 points at 11:00am when the report was filed.

The DSEX went up by 1.42 points or 0.02 per cent to reach 5,343 points at 11:00am.

Of two other indexes of the premier bourse, DSE Shariah Index (DSES) advanced 2.52 points to reach 1,241 points till then and DS30 index, comprising blue chips, fell 3.10 points to reach 1,938 points.

Turnover, an important indicator of the market, stood at Tk 1.18 billion when the report was filed at 11:00am.

Of the issues traded till then, 110 advanced, 87 declined and 52 remained unchanged.

Alif Industries was the most traded stocks till then with shares worth Tk 145 million changing hands, closely followed by Monno Ceramic Industries Tk 24 million, United Power Tk 74 million, Pharma Aids Tk 62 million and legacy Footwear Tk 60 million.

The CSE saw a mixed trend till then with its All Share Price Index, CASPI, losing 0.35 points to stand at 16,453, also at 11:00am.

However, the Selective Category Index, CSCX, gained 0.24 points to stand at 9,949 points till then.

Of the issues traded till then, 30 gained, 19 declined and 9 issues remained unchanged with Tk 14 million in turnover.

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