Stocks witnessed modest gain in early trading on Wednesday as most of the investors followed cautious stance amid ongoing earnings declaration season coupled with monetary policy statement (MPS).
The Bangladesh Bank is unveiling its first half-yearly (H1) monetary policy for the current fiscal year (FY) 2019-20 today (Wednesday), which prompted some investors to stay sideline.
Following the previous day’s downturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend at opening amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse rose about 20 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 35 points at 10:45am.
After that it started to fall. After 30 minutes of trading, the DSEX advanced only 3.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 31 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went up by 3.15 points or 0.06 per cent to stand 5,128 points at 11:00am.
The DSE Shariah Index also gained 0.21 points to stand at 1,177 points. However, the DS30 index, comprising blue chips, fell 1.41 points to reach at 1,825 points till then.
Turnover, the important indicator of the market, stood at Tk 644 million on DSE when the report was filed at 11:00am.
Shuwrid Industries was the most traded stocks till then with shares worth Tk 54 million changing hands, closely followed by Monno Ceramic, Monno Jute Stafflers, Standard Ceramic and United Power.
Of the issues traded till then, 88 advanced, 160 declined and 54 remained unchanged on the DSE trading floor.
The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-advancing 31 points to stand at 15,707 points, also at 11:00am.
The Selective Category Index – CSCX – also gained 20 points to stand at 9,546 points till then.
Of the issues traded till then, 38 advanced, 53 declined 10 remained unchanged with Tk 27 million in turnover.
