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The Financial Express

Stocks post marginal gains at open

| Updated: September 13, 2020 11:25:13


Evaly and Fianancial Express Evaly and Fianancial Express
Traders, wearing masks, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files Traders, wearing masks, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

Stocks witnessed a positive trend in the early trading on Tuesday as bargain hunters were showing their buying binge amid gradual economic rebound.

Following the past four days’ positive ending, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw an upward trend in the early trading today.

Within the first 15 minutes of trading, DSEX, the key index of the DSE, advanced 16 points while the CSE All Share Price Index (CASPI) of the port city’s bourse gained 36 points at 10:15am.

After 30 minutes of trading, the DSEX advanced more than 12 points while the CSE All Share Price Index (CASPI) of the port city’s bourse rose 34 points at 10:30am when the report was filed.

The DSEX then went up by 12.21 points or 0.24 per cent to reach 4,971 points at 10:30am.

Market operators said lower returns on the money market, gradual economic recovery and strong regulatory actions against wrongdoers continued to help attract investors to put fresh funds on stocks.

Following the regulatory steps, the enthusiastic investors kept showing their buying appetite on sector-wise stocks amid growing confidence on the market, said a merchant banker.

Meanwhile on the DSE, two other indices also saw a positive trend till filing of this report. The DS30 index, comprising blue chips, gained 5.76 points to reach at 1,729 points while the DSE Shariah Index (DSES) rose 3.91 points to reach 1,146 points till then.

Turnover, one of the important indicators of the market, stood at Tk 1.95 billion when the report was filed at 10:30am which was Tk 1.85 billion in the previous day at 10:30am.

Of the issues traded till then, 178 advanced, 93 declined, and 66 remained unchanged.

Beximco was the most traded stock till filing of this report with shares worth Tk 163 million changing hands, closely followed by Beximco, Delta Brac Housing and Finance, Brac Bank and National Polymer.

The Chittagong Stock Exchange also saw a positive trend till then with the CASPI gaining 34 points to stand at 14,199, also at 10:30am.

The Selective Category Index (CSCX) also rose 19 points to stand at 8,559 points till then.

Of the issues traded till then, 54 gained, 33 declined, and 21 issues remained unchanged with Tk 33 million in turnover.

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