a year ago

Stocks witness positive trend at opening

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The stock market witnessed a positive trend at the opening on Thursday as bargain hunters went on a buying spree in selective issues.

Following the previous day’s fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 18.78 points or 0.28 per cent to stand at 6,505, after the first two hours of trading at 11:30 am.

The DS30 index, comprising blue chips, also gained 4.68 points to reach 2,337 and the DSE Shariah Index (DSES) rose 5.36 points to 1,423.

Turnover, another important indicator of the market, stood at Tk 5.60 billion after two hours of trading.

Market insiders and bargain hunters showed their buying interest in lucrative stocks after the previous day’s sudden sharp coercion.

Most of the traded issues, however, remained unchanged till then due to the ‘floor price’ restriction. Of the issues traded, 126 advanced, 92 declined, and 143 issues remained unchanged on the DSE trading floor.

Beximco was the most traded stock till the filing of this report with shares worth Tk 688 million changing hands.

The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 7.38 points to stand at 19,075 while the Selective Categories Index – CSCX – rising 4.40 points to reach 11,433, also at 11:30 am.

Of the issues traded till then, 67 advanced, 82 declined and 61 remained unchanged with a turnover of Tk 85 million.

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