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The Financial Express

Stocks jump at open amid soaring turnover

FE Online Report | Published: February 16, 2020 11:38:54 | Updated: February 18, 2020 13:19:28


Investors monitoring stock price movements on computer screens at a brockerage house in the capital — FE/Files Investors monitoring stock price movements on computer screens at a brockerage house in the capital — FE/Files

Stocks witnessed a sharp rise in the early hours of trading on Sunday as investors maintained their buying interest on major sectors’ shares.

Market analysts the central bank’s market supportive measures coupled with government’s moves to divest shares of selected state-owned entities and banks boosted investors’ confidence to the market.

The news that the Asian Development Bank has lent $170 million more to Bangladesh to assist the country’s ongoing capital market reforms also encouraged investors.

Following the previous three days’ gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw an upward trend today (Sunday) amid rising trading activities.

After 30 minutes of trading, DSEX, the key index of the DSE advanced more than 93 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 166 points at 11:00am when the report was filed.

The DSEX went up by 93.02 points or 2.03 per cent to stand at 4,657 points at 11:00am.

Two other indices also saw upturn till then. The DS30 index, comprising blue chips, rose 33 points to reach at 1,569 and the DSE Shariah Index gained 18.46 points to stand at 1,064 points till then.

Turnover, one of the important indicators of the market, stood at Tk 1.92 billion on DSE when the report was filed at 11:00am.

Orion Pharma was the most traded stocks till filing of this report with shares worth Tk 117 million changing hands, closely followed by Khulna Power, Beximco, Orion Infusion, and Shepherd Industries.

Of the issues traded till then, 295 advanced, 19 declined, and 21 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) also saw an upward trend till then with the CASPI soaring 166 points to stand at 14,069 points, also at 11:00am.

The Selective Category Index (CSCX) also rose 101 points to stand at 8,534 points till then.

Of the issues traded till then, 100 advanced, 143declined, and 13 issues remained unchanged with Tk 58 million in turnover.

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