Stocks post modest gain in early trading

FE Online Report | Published: December 08, 2019 11:41:37 | Updated: December 10, 2019 12:00:01

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

Stocks posted a modest gain in the early hour of trading on Sunday as investors mostly followed cautious stance amid concern over the country’s overall economic condition.

Market analysts said recent market volatility coupled with concern over the country’s overall economy, rising non-performing loan and liquidity crunch dented investors’ confidence.

Following the last week’s downturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed a marginal gain with low trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced more than 1.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 2.0 points at 10.45am.

After 30 minutes of trading, the DSEX went up more than 5.0 points while the CASPI of Chattogram bourse rose 4.0 points at 11:00am when the report was filed.

The DSEX then went up by 5.19 points or 0.11 per cent to stand at 4,676 points at that time.

The DS30 index, comprising blue chips, also rose 1.63 points to 1,607 while the DSE Shariah Index (DSES) advanced 0.89 points to stand at 1,056 points till then.

Turnover, one of the important indicators of the market, stood at Tk 634 million when the report was filed.

Of the issues traded till then, 125 advanced, 107 declined, and 57 remained unchanged.

The low-cap companies continued to dominate the turnover chart where Sinobangla Industries was the most traded stocks till filing of this report with shares worth Tk 44 million changing hands, closely followed by National Tubes, Beach Hatchery, Bangladesh National Insurance and SK Trims.

The Chittagong Stock Exchange (CSE) also saw a marginal gain till then with the CASPI gaining 4.0 points to stand at 14,207 points, also at 11:00am.

The Selective Category Index (CSCX) gained 2.0 points to stand at 8,624 points till then.

Of the issues traded till then, 24 advanced, 32 declined, 12 remained unchanged with Tk 12 million in turnover.



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