Stocks edge up after volatile trading


FE Online Report | Published: February 13, 2018 15:51:26 | Updated: February 15, 2018 11:12:03


Stocks edge up after volatile trading

Stocks finished marginally higher on Tuesday amid choppy trading as investors went on buying spree in the late hours on sector-specific items.

Brokers said the market edged higher as optimistic investors took position on sector-specific stocks while some rebalanced their portfolios ahead of dividend declarations.

After witnessing volatility in the first hour of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 6.08 points or 0.09 per cent to settle at 6,088, following a marginal correction during the previous day.

Two other indices also edged higher. The DS30 index and the DSE Shariah Index (DSES) finished at 2,246 and 1,406 points, after advancing 1.98 points and 1.52 points respectively.

Trading activities also increased 3.50 per cent to Tk 5.03, up from previous session’s Tk 4.86 billion.

LankaBangla Finance topped the day’s turnover chart with shares worth Tk 196 million changing hands, followed by Brac Bank, Anwar Galvanising, Paramount Textile and Keya Cosmetics.

Apex Foods was the day’s best performer, posting a gain of 9.93 per cent while Keya Cosmetics was the day’s worst loser, losing by 5.30 per cent.

The port city bourse also ended marginally higher with CSE All Share Price Index – CASPI - advancing 48 points to settle at 18,840 and Selective Categories Index - CSCX – rising 24 points to finish at 11,368.

Gainers beat losers at CSE as 136 issues closed higher, 69 lower and 32 remained unchanged.

CSE traded 9.19 million shares and mutual fund units worth over Tk 354 million in turnover.

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