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Stocks witnessed a sharp rise in early trading Sunday as optimistic investors are showing their buying appetite on large-cap issues encouraged by the government’s move to ease the ongoing liquidity crisis.
Following Thursday’s big gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened the week higher amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse soared more than 83 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 60 points at 10:45am.
After 30 minutes of trading, the DSEX rose 83.32 points while the CSE All Share Price Index (CASPI) of port city’s bourse soared 160 points at 11:00am when the report was filed.
DSEX, the prime index of the DSE, went up by 83.32 points or 1.48 per cent to reach at 5,680 points at 11:00am.
The two other indices also saw upward trend till then. The DS30 index, comprising blue chips, rose 25 points or 1.17 per cent to reach at 2,130 points.
The DSE Shariah Index (DSES) gained 16.50 points or 1.25 per cent to reach at 1,331 points till then.
Turnover, the important indicator of the market, stood at Tk 896 million when the report was filed at 11:00am.
Of the issues traded till then, 240 advanced, 19 declined, and 17 remained unchanged.
LankaBangla Finance was the most traded stocks till then with shares worth Tk 68 million changing hands, closely followed by Beximco Tk 65 million, Mercantile Bank Tk 40 million, Monno Ceramic Tk 37 million, and Premier Bank Tk 25 million.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with CSE All Share Price Index- CASPI-rising 160 points to stand at 17,375, also at 11:00am.
The Selective Category Index – CSCX –also gained 98 points to stand at 10,502 points till then.
Of the issues traded till then, 88 gained, 32 declined, and 3 issues remained unchanged with Tk 32 million in turnover.