Dhaka, Bangladesh
DSE up, CSE down in early trading Sunday

DSE up, CSE down in early trading Sunday

News Report Shares on both bourses witnessed a volatile trading in early hour on Sunday as some investors were active on both sides of the trading fence. Following the previous week’s positive note, the Dhaka Stock Exchange (DSE) saw a positive trend while the Chittagong Stock Exchange (CSE) suffered a decline in early trading. Within first 30 minutes of trading, DSEX, the key index of the country’s prime bourse advanced 2.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 45 points at 10:30am. After first hour of trading, the DSEX advanced more than 17 points while the CASPI of Chattogram bourse lost 60 points at 11:00am when the report was filed. The DSEX went up by 17.40 points or 0.33 per cent to reach at 5,268 points at that time. The DSE Shariah Index advanced 0.66 points to stand at 1,193 points till then while the DS30 index comprising blue chips fell 0.84 points to reach at 1,832. Turnover, the important indicator of the market, stood at Tk 776 million on DSE when the report was filed at 11:00am. Of the issues traded till then, 144 advanced, 95 declined, and 66 remained unchanged on the DSE trading floor. BATBC was the most traded stocks till filing of the report with shares worth Tk 69 million changing hands, closely followed by Eastern Cables, IFIC Bank, Federal Insurance, and Premier Bank. However, the Chittagong Stock Exchange saw a negative trend till then with the CASPI losing 60 points to stand at 15,980 points, also at 11:00am. The Selective Category Index (CSCX) also fell 37 points to stand at 9,671 till then. Of the issues traded till then, 46 gained, 59 declined, and 20 issues remained unchanged with Tk 33 million in turnover. Earlier, stock markets got back the positive vibe last week following the central bank’s steps to refinance the volatile market. On Wednesday, stock markets posted marginal gain as investors showed their buying appetite on sector-wise shares after the Investment Corporation of Bangladesh received Tk 7.60 billion from Bangladesh Bank. Market analysts said the stocks rebounded after the news that the ICB received the money from the Bangladesh Bank under the capital market refinancing scheme. The market opened on positive note and the upturn continued until end of the session amid modest volatility. At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 14.09 points or 0.26 per cent to settle at 5,250. Two other indices also edged up. The DS30 index, comprising blue chips, advanced 7.53 points to finish at 1,830 and the DSE Shariah Index rose 1.31 points to close at 1,196. However, turnover, another important indicator of the market, fell to Tk 2.90, which was 17 per cent lower than the previous day’s turnover of Tk 3.51 billion. The gainers took a strong lead over the losers as out of 342 issues traded, 191 advanced, 92 declined and 59 issues remained unchanged on the DSE trading floor. Fortune Shoes topped the turnover chart with 4.49 million shares worth Tk 174 million changing hands. The other turnover leaders were Brac Bank, JMI Syringes, United Power and Eastern Cables. Global Insurance was the day’s best performer, posting a gain of 9.61 per cent while Rupali Life Insurance was the worst loser, losing 7.15 per cent. The port city bourse, Chittagong Stock Exchange, also edged up with its CSE All Share Price Index – CASPI –advancing 34 points to settle at 16,042 and the Selective Categories Index - CSCX –gaining 17 points to finish at 9,709. Here too, the gainers beat losers, as 119 issues closed higher, 72 ended lower and 36 remained unchanged on the CSE trading floor. The port city bourse traded 4.39 million shares and mutual fund units worth Tk 147 million in turnover. On Thursday, stocks closed the week in up-trend as most of the indices on Dhaka and Chittagong stock exchanges witnessed marginal rise with cautious participation of investors in the day’s trading. The broader DSEX index of DSE closed the day 19.81 points up to settle at 5,250.60. The blue-chip DS30 also followed the same trend ending 14.61 points up to settle at 1832.82. But the Shariah DSES closed the day at 4.66 points down to close at 1,192.90. The average trade value at Dhaka Stock Exchange (DSE) was Tk 358.60 crore and the average trade volume was 12.42 crore share. At DSE, out of the day’s 353 traded securities, 171 gained against 143 losing issues. The five top gaining issues were Global Insurance, Eastern Cables, City General Insurance, Janata Insurance and Premier Leasing and Finance. Five top losers were Rupali Life Insurance, United Commercial Bank, Al Arafah Islami Bank, National Feed Mills and Standard Insurance. The top five turnover leaders were Brac Bank, Fortune Shoes, SK Trims and Industries, United Power Generation and Distribution Company and IFIC Bank. In the port city Chattogram, the CSE also closed upward with its All Share Price Index – CASPI -gained 39.24 points to close at 16,041.08. Earlier, stock markets extended the losing streak for the second straight session on Tuesday as risk-averse investors continued their selling spree on sector-wise shares. Market opened on negative note and the downward trend continued until end of the session amid modest volatility. At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,236, losing 39.29 points or 0.74 per cent over the previous session. Two other indices also edged lower. The DS30 index, comprising blue chips, fell 10.58 points to finish at 1,822 and the DSE Shariah Index shed 3.93 points to close at 1,195. Turnover, another important indicator of the market, also fell to Tk 3.51 billion, which was 9.30 per cent lower than the previous day’s turnover of Tk 3.87 billion. The losers took a strong lead over the gainers as out of 347 issues traded, 217 declined, 87 advanced and 43 issues remained unchanged on the DSE trading floor. A total number of 101,622 trades were executed in the day’s trading session with trading volume of 108.44 million securities. The market capitalisation of the DSE came down to Tk 3,859 billion on Tuesday, from Tk 3,871 billion in the previous session. The port city bourse, Chittagong Stock Exchange, also ended lower with its CSE All Share Price Index – CASPI –shedding 95 points to settle at 16,007 and the Selective Categories Index - CSCX –losing 56 points to finish at 9,691. Here too, the losers beat gainers, as 141 issues closed lower, 66 ended higher and 31 remained unchanged on the CSE trading floor. The port city bourse traded 16.72 million shares and mutual fund units worth Tk 360 million in turnover. The port city bourse traded 19.07 million shares and mutual fund units worth Tk 323 million in turnover. (Inputs taken from agencies)

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