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Stocks open higher as GP surges

FE Online Report | Sunday, 22 September 2019


Stocks witnessed an upward trend in early hour of trading on Sunday as investors showed their appetite on large-cap shares.

Grameenphone led the rising index rise, followed by Square Pharma, Beximco Pharma, Delta Brac Hosuing, and MJ BD.

Following the previous day’s correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw an upward trend, despite trading activities remained low.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced more than 45 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 65 points at 10:45am.

After 30 minutes of trading, the DSEX gained more than 40 points while the CASPI of Chattogram bourse advanced 100 points at 11:00am when the report was filed.

The DSEX went up by 40.32 points or 0.83 per cent to stand at 4,896 points at 11:00am.

Two other indices also saw upward trend till then. The DS30 index, comprising blue chips rose 20.83 points to 1756 points while the DSE Shariah Index (DSES) gained 16.34 points to stand at 1,139 points till then.

Turnover, the important indicator of the market, stood at Tk 615 million when the report was filed at 11:00am.

Of the issues traded till then, 142 advanced, 69 declined, and 67 remained unchanged.

Grameenphone (GP) was the most traded stocks till filing of this report with shares worth Tk 219 million changing hands, followed by Fortune Shoes, JMI Syringes, Square Pharma, and National Tubes.

The Chittagong Stock Exchange (CSE) also saw an upward trend till then with the CASPI advancing 100 points to stand at 14,861 points, also at 11:00am.

The Selective Category Index (CSCX)  also rose 61 points to stand at 9,022 points till then.

Of the issues traded till then, 33 advanced, 7 declined, 5 remained unchanged with Tk 15 million in turnover.

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