Abu Taher Bappa

2020-03-25 13:03:36 BdST

Stocks post slight gain at opening amid virus fear


Stocks posted a slight gain in early trading on Wednesday as investors mostly followed cautious stance amid growing tension over the impacts of coronavirus outbreak.

The presences of investors on the trading floor very thin due to mounting fears over coronavirus outbreak and many investors are executing trade over mobile phone, said a stockbroker.

The trading and official activities on the bourses will remain closed from March 26 to April 4 in line with the government holiday.

So, today is the last trading day before 10 days general holiday, including weekends.

Within 30 minutes of trading, DSEX advanced more than 4.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 10 points at 11:00 am when the report was filed.

DSEX, the prime index of the DSE, went up by 4.75 points or 0.11 percent to stand 3,981 points at 11:00 am.

The DS30 index, comprising blue chips, gained 0.42 points to reach at 1,324 and the DSE Shariah Index rose 0.02 point to stand at 917 points till then.

Turnover, the important indicator of the market, stood at Tk 157 million on DSE when the report was filed at 11:00 am.

Of the issues traded till then, 33 advanced, 33 declined and 206 issues remained unchanged on the DSE.

Renata was the most traded stocks till then with shares worth Tk 48 million changing hands, closely followed by Monno Ceramic, Square Pharma, Central Pharma and BATBC.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw positive till then with CSE All Share Price Index- CASPI-gaining 10 points to stand at 11,260 points, also at 11:00 am.

The Selective Category Index – CSCX – also rose 7.0 points to stand at 6,820 points till then.

Of the issues traded till then, 13 advanced, 12 declined and 40 issues remained unchanged with Tk 10 million in turnover.

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