Stocks open positive after central bank unveils MPS

FE Online Report | Thursday, 1 August 2019

Stocks witnessed modest gain in early trading on Thursday as some investors went on buying shares after the central bank on Wednesday unveiled the monetary policy statement (MPS).

Following the previous day’s positive ending, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend at opening, but trading activities remains low.

Within first 15 minutes of trading, the key index of the country’s prime bourse rose about 21 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 37 points at 10:45am.

After 30 minutes of trading, the DSEX rose more than 14 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 54 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 14.48 points or 0.28 per cent to stand 5,153 points at 11:00am.

The DS30 index, comprising blue chips, rose 2.50 points to reach at 1,830 points till then. The DSE Shariah Index also gained 3.64 points to stand at 1,184 points.

Turnover, the important indicator of the market, stood at Tk 753 million on DSE when the report was filed at 11:00am.

Monno Ceramic was the most traded stocks till then with shares worth Tk 60 million changing hands, closely followed by Standard Ceramic, Fortune Shoes, Stylecrafts and JMI Syringes.

Of the issues traded till then, 202 advanced, 56 declined and 42 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 54 points to stand at 15,779 points, also at 11:00am.

The Selective Category Index – CSCX – also gained 34 points to stand at 9,593 points till then.

Of the issues traded till then, 55 advanced, 15 declined 11 remained unchanged with Tk 16 million in turnover.