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Stocks witness mixed trend amid cautious trades

FE Online Report | Published: November 14, 2019 11:46:15 | Updated: November 15, 2019 10:49:26


Stocks witnessed mixed trend in early hour trading on Thursday as investors are mostly followed cautious stance amid ongoing quarterly earnings declarations.

Following the previous day’s downward note, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened lower amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse lost more than 3.0 points while the CSE All Share Price Index of port city’s bourse fell 25 points at 10.45am.

After 30 minutes of trading, DSEX went up more than 2.0 points while the CSE All Share Price Index of port city’s bourse shed 29 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 2.72 points or 0.05 per cent to stand at 4,739 points at 11:00am.

The DS30 index, comprising blue chips also went up by 11.17 points to 1,648 points. However, the DSE Shariah Index (DSES) lost 2.60 points to stand at 1,085 points till then.

Turnover, the important indicator of the market, stood at Tk 525 million when the report was filed at 11:00am.

Of the issues traded till then, 139 advanced, 80 declined and 65 remained unchanged.

Renata Ltd was the most traded stocks till then with shares worth Tk 70 million changing hands, followed by Fortune Shoes, Sonar Bangla Insurance, National Tubes and Sinobangla Industries.

However, the port city’s bourse – the Chittagong Stock Exchange – (CSE), saw negative trend till then with CSE All Share Price Index- CASPI-losing 29 points to stand at 14,387 points, also at 11:00am.

The Selective Category Index – CSCX – also lost 18 points to stand at 8,742 points till then.

Of the issues traded till then, 35 advanced, 28 declined 16 remained unchanged with Tk 10 million in turnover.

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