Markets gain in early trading

FE Online Report | Published: September 11, 2018 11:28:38 | Updated: September 13, 2018 12:01:43

FE file photo used for representation

The prices of most of the stocks on both bourses witnessed an upward trend in early hour of trading on Tuesday as investors were showing their buying spree on sector specific stocks.

Following the previous two days’ mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced more than 20 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 28 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 25 points while the CASPI of Chattogram bourse gained 37 points at 11:00am when the report was filed.

The DSEX went up by 25.34 points or 0.45 per cent to reach at 5,565 points at 11:00am.

Two other indices also saw positive trend till then. The DS30 index, comprising blue chips, advanced 5.20 points to reach at 1,946 points and the DSE Shariah Index rose 0.98 points to stand at 1,273 points at 11:00am.

Turnover, the important indicator of the market, stood at Tk 1.43 billion on DSE when the report was filed.

BBS Cables was the most traded stocks till then with shares worth Tk 188 million changing hands, followed by Active Fine Chemicals Tk 112 million, National Housing Finance Tk 90 million, Khulna Power Tk 88 million, and Bangladesh Steel Re-rolling Mills Tk 67 million.

Of the issues traded till then, 161 advanced, 62 declined, and 41 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) saw a positive trend till then with the CASPI advancing 37 points to stand at 17,134, also at 11:00am.

The Selective Category Index (CSCX) also gained 22 points to stand at 10,384 points till then.

Of the issues traded till then, 43 gained, 19 declined, and 07 issues remained unchanged with Tk 88 million in turnover.

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