Bangladesh
6 years ago

Stocks witness mostly higher in early trading

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The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Wednesday as some investors showed their buying spree on sector-wise stocks.

Following the previous day’s upward movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note, but turnover remains low.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 22 points while the CSE All Share Price Index (CASPI) of port city’s bourse also gained 22 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 24 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 23 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 24.31 points or 0.45 per cent to stand 5,411 points at 11:00am.

The DS30 index, comprising blue chips, also advanced 7.15 points to reach at 1,898 points till then. The DSE Shariah Index gained 4.39 points to stand at 1,245.

Turnover, the important indicator of the market, stood at Tk 1.02 billion on DSE when the report was filed at 11:00am.

Republic Insurance Company was the most traded stocks till then with shares worth Tk 120 million changing hands, closely followed by Bangladesh Steel Re-rolling Mills Tk 96 million, Active Fine Chemicals Tk 85 million, KPCL Tk 82 million and IFAD Autos Tk 55 million

Of the issues traded till then, 183 advanced, 55 declined and 32 remained unchanged on the DSE trading floor.

The port city’s bourse–CSE— saw positive trend till then with CSE All Share Price Index- CASPI-advancing 23 points to stand at 16,603, also at 11:00am.

The Selective Category Index – CSCX –also gained 14 points to stand at 10,059 points till then.

Of the issues traded till then, 28 gained, 17 declined and 10 issues remained unchanged with Tk 40 million in turnover.

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