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Stocks open higher riding on bank issues

FE Online Report | Published: September 29, 2019 11:27:05 | Updated: September 30, 2019 11:29:18


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

Stocks witnessed an upward trend in early hour of trading on Sunday as optimistic investors were showing their buying binge on bank issues.

Following the previous week’s correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher, but trading activities remained low.

Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced more than 22 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 15 points at 10:45am.

After 30 minutes of trading, the DSEX rose more than 27 points while the CASPI of port city’s bourse gained 46 points at 11:00am when the report was filed.

The DSEX went up by 27.37 points or 0.55 per cent to stand at 4,995 points at 11:00am.

Two other indices saw positive trend till then. The DS30 index, comprising blue chips rose 6.26 points to 1,775 points and the DSE Shariah Index (DSES) advanced 3.50 points to stand at 1,152 points till then.

Turnover, the important indicator of the market, stood at Tk 810 million when the report was filed at 11:00am.

Of the issues traded till then, 178 advanced, 53 declined, and 42 remained unchanged.

Bangladesh Submarine Cable Company was the most traded stocks till filing of this report with shares worth Tk 68 million changing hands, followed by Monno Jute Stafflers, Monno Ceramic, Fortune Shoes, and Premier Bank.

The Chittagong Stock Exchange also saw an upward trend till then with the CASPI gaining 46 points to stand at 15,130 points, also at 11:00am.

The Selective Category Index (CSCX)  also rose 28 points to stand at 9,190 points till then.

Of the issues traded till then, 41 advanced, 11 declined, and 15 remained unchanged with Tk 16 million in turnover.

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