Stocks witness bumpy ride at opening

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Stocks witness bumpy ride at opening
« on: February 27, 2020, 10:25:24 PM »
Stocks witnessed volatile trading in early hours of trading on Thursday as investors are active on both sides of trading fence.

Following the previous five days’ downturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid rising trading activities.

Within five minutes of trading, DSEX rose more than 38 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 16 points at 11:00am when the report was filed.


After 30 minutes of trading, DSEX fell more than 5.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 10 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 5.32 points or 0.11 per cent to stand 4,543 points at 11:00am.

Two other indices also saw negative trend till then. The DS30 index, comprising blue chips, fell 5.98 points to reach at 1,511 and the DSE Shariah Index shed 4.57 points to stand at 1,055 points till then.

Turnover, the important indicator of the market, stood at Tk 1.04 billion on DSE when the report was filed at 11:00am.

Central Pharma was the most traded stocks till then with shares worth Tk 55 million changing hands, closely followed by Brac Bank, VFS Thread Dyeing, Silva Pharma and ML Dyeing.

Of the issues traded till then, 170 advanced, 82 declined and 55 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with CSE All Share Price Index- CASPI-losing 10 points to stand at 13,930 points, also at 11:00am.

The Selective Category Index – CSCX – also fell 6.0 points to stand at 8,448 points till then.

Of the issues traded till then, 48 advanced, 22 declined and 16 issues remained unchanged with Tk 27 million in turnover.

source : https://thefinancialexpress.com.bd/stock/stocks-witness-bumpy-ride-at-opening-1582782833
Sunjida Khan
Lecturer
Department of Business Administration
Faculty of Business & Economics