The Financial Express

Stocks see marginal rise

| Updated: March 18, 2021 14:53:22

Stocks see marginal rise

Stocks posted a marginal gain at the opening on Monday after the previous day’s sharp decline as bargain hunters showed their appetite on sector-wise issues.

Within the first hour of trading, the DSEX advanced more than 8.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 26 points at 11:00 am when the report was filed.

DSEX, the prime index of the DSE, went up by 8.19 points or 0.14 per cent to stand 5,527 points till then.

Two other indices also saw positive trends till then with the DS30 index, comprising blue chips, gained 0.68 to reach at 2,126 points and the Shariah Index (DSES) advanced 3.14 points to stand 1,260 points till then.

Turnover, another important indicator of the market, stood at Tk 1.51 billion within the first hour of trading when the report was filed at 11:00 am.

Market analysts said bargain hunters showed their buying interest in selective lucrative stocks ahead of dividend declarations of December-end companies.

However, a section of investors remained cautious riding on the news that daily Covid-19 infections and death are rising alarmingly in recent days in the country, they said.

Of the issues traded till then, 135 advanced, 67 declined and 95 remained unchanged.

GBB Power was the most traded stock till then with shares worth Tk 205 million changing hands, followed by Beximco, Robi, IFIC Bank, and LankaBangla Finance.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw a positive note with CSE All Share Price Index- CASPI-gaining 26 points to stand at 16,053, also at 11:00 am.

Of the issues traded till then, 45 gained, 29 declined, and 30 remained unchanged with Tk 55 million in turnover.

[email protected]

Share if you like