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The Financial Express

Bourses witness positive trend at opening

| Updated: July 29, 2020 12:10:08


Bourses witness positive trend at opening

Stocks witnessed an upward trend in early trading on Tuesday as optimistic investors continued buying shares on the expectation of improving economic activities.

Within 30 minutes of trading, DSEX advanced more than 10 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 4.0 points at 11:00 when the report was filed.

DSEX, the prime index of the DSE, went up by 10.80 points or 0.26 per cent to stand 4,156 points at 11:00 am.

The DS30 index, comprising blue chips, also gained 3.03 points to reach at 1,403. However, the DSE Shariah Index saw a fractional loss of 0.34 points to stand at 965.

Turnover, the important indicator of the market, stood at Tk 837 million on DSE when the report was filed at 11:00 am.

Market operators said gradual reopening of the economy and the stock market regulator’s assurance not to lift floor price restriction until the market got stable, led investors for buying shares.

The gradual reopening of the economy and static daily number of Covid-19 cases led investors to strike bargains on promising issues, said a merchant banker.

Most of the shares remained stuck at the trading. Of the issues traded till then, 146 remained unchanged while 101 issues advanced and 42 declined on the DSE floor.

Beximco was the most traded stocks till then with shares worth Tk 60 million changing hands, followed by Beximco Pharma, BSCCL, Pioneer Insurance, and Bangladesh Shipping Corporation.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) saw positive trend till then with the CSE All Share Price Index- CASPI-advancing 4.0 points to stand at 11,800 points, also at 11:00 am.

The Selective Category Index – CSCX – also gained 2.17 points to stand at 7,154 points till then.

Of the issues traded till then, 25 advanced, 16 declined and 44 issues remained unchanged with Tk 8.20 million in turnover.

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