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The Financial Express

Stocks open higher amid rising turnover

FE Online Report | Published: February 12, 2020 11:22:05 | Updated: February 14, 2020 11:17:28


Stocks open higher amid rising turnover

Stocks witnessed upward trend in early hours of trading on Wednesday as investors are showing their buying interest on major sectors’ shares after the central bank’s liquidity support measures.

Following the previous day’s big gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend amid rising trading activities.

After 30 minutes of trading, DSEX advanced more than 27 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 20 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 27.43 points or 0.61 per cent to stand 4,498 points at 11:00am.

Two other indices also saw upturn till then. The DS30 index, comprising blue chips, rose 6.92 points to reach at 1,524 and the DSE Shariah Index gained 4.22 points to stand at 1,034 points till then.

Turnover, the important indicator of the market, stood at Tk 1.35 billion on DSE when the report was filed at 11:00am.

Orion Infusion was the most traded stocks till then with shares worth Tk 137 million changing hands, closely followed by Shepherd Industries, LafargeHolcim, Indo-Bangla Pharma and Orion Pharma.

Of the issues traded till then, 219 advanced, 43 declined and 42 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange (CSE)—also saw positive trend with CSE All Share Price Index- CASPI-advancing 20 points to stand at 13,653 points at 11:00am.

The Selective Category Index – CSCX – also rose 13 points to stand at 8,279 points.

Of the issues traded, 69 advanced, 16 declined 13 issues remained unchanged with Tk 27 million in turnover.

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