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Stocks witnessed positive trend in early trading on Tuesday as some investors are active on sector-wise shares after recent sharp fall.
The market witnessed sharp correction in the past two sessions after unveiling the national budget for the fiscal year 2019-20 on Thursday last.
Following the previous two days’ sharp decline, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive trend on Tuesday.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 20 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 50 points at 10:45am.
After 30 minutes of trading, the DSEX gained more than 10 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 55 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went up by 10.56 points or 0.19 per cent to stand 5,385 points at 11:00am.
The DSE Shariah Index also gained 1.68 points to stand at 1,225 points. The DS30 index, comprising blue chips, fell 1.98 points to reach at 1,887 points till then.
Turnover, the important indicator of the market, stood at Tk 962 million on DSE when the report was filed at 11:00am.
Eastern Insurance was the most traded stocks till then with shares worth Tk 107 million changing hands, closely followed by Republic Insurance, Dragon Sweater, JMI Syringes and Asia Insurance.
Of the issues traded till then, 165 advanced, 77 declined and 43 remained unchanged on the DSE trading floor.
The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-advancing 55 points to stand at 16,544 points, also at 11:00am.
The Selective Category Index – CSCX –also gained 35 points to stand at 10,026 points till then.
Of the issues traded till then, 60 advanced, 16 declined 12 issues remained unchanged with Tk 37 million in turnover.