Bangladesh
5 years ago

Stocks rise amid thin trading at opening

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Stocks witnessed positive trend in early hour of trading Wednesday as some investors are sowing their buying appetite on sector-wise issues amid ongoing earnings declaration.

Following the previous day’s modest gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid low trading activities.

Within 30 minutes of trading, the DSEX advanced 13 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 34 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 13 points or 0.22 per cent to reach at 5,748 points at 11:00am.

The DS30 index, comprising blue chips, also advanced 0.60 points to reach at 1,995 points.

The DSE Shariah Index gained 3.49 points to reach at 1,311 points till then.

Turnover, the important indicator of the market, stood at Tk 1.32 billion when the report was filed at 11:00am.

Monno Ceramic was the most traded stocks till then with shares worth Tk 198 million changing hands, closely followed by Legacy Footwear, United Power, Bangladesh Submarine Cable and Khulna Power.

Of the issues traded till then, 165 advanced, 89 declined and 48 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 34 points to stand at 17,602, also at 11:00am.

The Selective Category Index – CSCX –also gained 20 points to stand at 10,651 points till then.

Of the issues traded till then, 53 gained, 23 declined and 14 issues remained unchanged with Tk 16 million in turnover.

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