Stocks witness volatility in early trading Sunday

Stocks witnessed volatility in early hour of trading on Sunday as investors mostly followed cautious stance after a big jump in index in the past week.

Following the previous day’s high note, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened today (Sunday) on positive note.

Within first five minutes of trading, DSEX, the key index of the country’s prime bourse advanced 14 points, but it turned negative in the next 10 minutes, falling  9.10 points at 10:45am.

However, after 30 minutes of trading, the DSEX rose more than 24 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 22 points at 11:00am when the report was filed.

The DSEX went up by 24.95 points or 0.55 per cent to stand 4,538 points at that time.

The DS30 index, comprising blue chips, also gained 8.81 points to reach at 1,552 points while the DSE Shariah Index rose 5.17 points to stand at 1,040 points till then.

Turnover, one of the important indicators of the market, stood at Tk 986 million on DSE when the report was filed at 11:00am.

LafargeHolcim was the most traded stocks till filing of this report with shares worth Tk 87 million changing hands, closely followed by ADN Telecom, SS Steel, National Tubes, and National Polymer.

Of the issues traded till then, 180 advanced, 72 declined, and 52 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) also saw an upward trend till then with the CASPI advancing 22 points to stand at 13,766 points, also at 11:00am.

The Selective Category Index (CSCX) also gained 13 points to stand at 8,350 points till then.

Of the issues traded till then, 48 advanced, 24 declined, 13 issues remained unchanged with Tk 26 million in turnover.

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