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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Stocks open higher after sharp fall

| Updated: December 11, 2019 15:53:43


Stocks open higher after sharp fall

Stocks witnessed upward trend in early hours of trading on Tuesday as bargain hunters showed their buying appetite on sector specific issues after sharp correction.

Following the last three days’ 169 points fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upturn, trading activities remains low.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 35 points while the CSE All Share Price Index of port city’s bourse rose 40 points at 10.45am.

After 30 minutes of trading, DSEX went up more than 34 points while the CSE All Share Price Index of port city’s bourse rose 43 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 34.83 points or 0.76 per cent to stand at 4,568 at 11:00am.

The DS30 index, comprising blue chips also rose 9.63 points to 1,571 and the DSE Shariah Index (DSES) advanced 9.35 points to stand at 1,031 points till then.

Turnover, the important indicator of the market, stood at Tk 445 million when the report was filed at 11:00am.

Of the issues traded till then, 215 advanced, 25 declined and 45 remained unchanged.

The low-cap companies continued to dominate the turnover chart with Saiham Cotton Mills was the most traded stocks till then with shares worth Tk 31 million changing hands, closely followed by Reckitt Benckiser, New Line Clothings and Square Pharma.

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw upward trend till then with CSE All Share Price Index- CASPI-gaining 43 points to stand at 13,872 points, also at 11:00am.

The Selective Category Index – CSCX – gained 26 points to stand at 8,417 points till then.

Of the issues traded till then, 43 advanced, 8 declined 1remained unchanged with Tk 10 million in turnover.

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