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Dhaka and Chittagong bourses witnessed an upward trend in the early hour of trading on Wednesday as investors are showing buying appetite on sector-wise stocks.
Following the previous day’s marginal gains, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 20 points while the CSE All Share Price Index (CASPI) of the port city’s bourse rose 15 points at 10:45am.
After 30 minutes of trading, DSEX advanced more than 23 points while the CASPI gained 18 points at 11:00am when the report was filed.
The DSEX, benchmark index of the DSE, went up by 23.50 points or 0.44 per cent to reach at 5,368 points at 11:00am.
Of two other indexes of the premier bourse, DS30, comprising blue chips, rose 9.25 points to reach at 1,952 points and DSE Shariah advanced 6.72 points to reach at 1,247 points till then.
Turnover, an important indicator of the market, stood at Tk 915 million when the report was filed at 11:00am.
Of the issues traded till then, 144 advanced, 47 declined and 44 remained unchanged.
Western Marine Shipyard was the most traded stocks till then with shares worth Tk 84 million changing hands, closely followed by Alif Industries BDT 80 million, Navana CNG BDT 79 million, Pharma Aids Tk 57 million and BBS Cables Tk 45 million.
The CSE saw a positive trend till then with its All Share Price Index, CASPI, gaining 18 points to stand at 16,502, also at 11:00am and its Selective Category Index, CSCX, rising 12 points to stand at 9,980 points till then.
Of the issues traded till then, 32 gained, 24 declined and 14 issues remained unchanged with Tk 16 million in turnover.