Stocks inch up on buying spree

FE Online Report | Thursday, 5 December 2019

Stocks on the bourses witnessed upward trend in early hour trading on Thursday as investors are showing their appetite on sector-wise large-cap issues.

Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trend amid rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 16 points while the CSE All Share Price Index of port city’s bourse rose 20 points at 10.45am.

After 30 minutes of trading, DSEX went up more than 14 points while the CSE All Share Price Index of port city’s bourse rose 28 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 14.19 points or 0.30 per cent to stand at 4,717 points at 11:00am.

The DS30 index, comprising blue chips also rose 3.43 points to 1,621 and the DSE Shariah Index (DSES) advanced 3.27 points to stand at 1,064 points till then.

Turnover, the important indicator of the market, stood at Tk 1.03 billion when the report was filed at 11:00am.

Of the issues traded till then, 188 advanced, 63 declined and 49 remained unchanged.

The day’s top turnover list dominated by low-cap companies with Saiham Cotton Mills was the most traded stocks till then with shares worth Tk 64 million changing hands, closely followed by Indo-Bangla Pharma, Bangladesh National Insurance, Miracle Industries and Evince Textile.

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw positive trend till then with CSE All Share Price Index- CASPI-gaining 28 points to stand at 14,322 points, also at 11:00am.

The Selective Category Index – CSCX – gained 18 points to stand at 8,695 points till then.

Of the issues traded till then, 48 advanced, 37 declined 21 remained unchanged with Tk 24 million in turnover.

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