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DSE, CSE open higher as bullish trend continues

FE Online Report | Published: January 09, 2019 11:40:00 | Updated: January 11, 2019 10:35:40


The prices of most of the shares witnessed upward trend in early hour of trading on Wednesday as investors are active on sector-wise issues amid growing confidence.

Market analysts said the investors are taking fresh position amid political stability and more sound business activities in the days ahead as the election held peacefully.

Following the previous day’s sharp rise, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive amid rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 11 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 43 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 14 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 5.0 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 14.77 points or 0.25 percent to stand 5,785 points at 11:00am.

The DS30 index, comprising blue chips, also rose 4.30 points to reach at 2005 points till then.

The DSE Shariah Index also advanced 8.28 points to stand at 1,316 points.

Turnover, the important indicator of the market, stood at BDT 1.83 billion on DSE when the report was filed at 11:00am.

Olympic Industries was the most traded stocks till then with shares worth BDT 215 million changing hands, closely followed by Singer BD, BBS Cables, National Housing Finance and Atlas Bangladesh.

Of the issues traded till then, 162 advanced, 107 declined and 49 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw upward trend till then with CSE All Share Price Index- CASPI-advancing 5.0 points to stand at 17,709 points, also at 11:00am.

The Selective Category Index – CSCX –also gained 10 points to stand at 10,690 points till then.

Of the issues traded till then, 64 gained, 35 declined and 29 issues remained unchanged with Tk 28 million in turnover.

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