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Stocks witnessed marginal gain in early trading on Thursday, with the key index crossing the 4900-mark, as investors are active on sector-wise issues riding on regulatory steps to bring discipline in the capital market.
Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw an upward trend at the opening.
Within the first 15 minutes of trading, the key index of the DSE advanced 20 points while the CSE All Share Price Index (CASPI) of the port city’s bourse gained 34 points at 10:15am.
After 30 minutes of trading, the DSEX advanced 22 points while the CSE All Share Price Index (CASPI) of the port city’s bourse rose 42 points at 10:30am when the report was filed.
DSEX, the prime index of the DSE, went up by 22 points or 0.43 per cent to reach 4,912 points at 10:30am.
Market analysts said active presence of the bargain hunters, lower returns on the money market, lucrative price level of listed securities and strong regulatory actions against wrongdoers helped buoy the market.
The optimistic investors showed their buying appetite on large-cap stocks amid growing confidence in the market following the regulator’s recent steps to bring discipline in the capital market, said a merchant banker.
Two other indices also saw positive trends till then. The DS30 index, comprising blue chips, gained 0.20 points to reach at 1,714 points while the DSE Shariah Index (DSES) 2.10 points to reach 1,139 points till then.
Turnover, the important indicator of the market, stood at Tk 2.13 billion when the report was filed at 10:30am which was Tk 1.25 billion in the previous day at 10:30am.
Of the issues traded till then, 203 advanced, 50 declined, and 72 remained unchanged.
Beximco Pharma was the most traded stocks till then with shares worth Tk 240 million changing hands, closely followed by Orion Pharma, Beximco, BD Finance and National Polymer.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-gaining 42 points to stand at 14,016, also at 10:30am.
The Selective Category Index – CSCX –also rose 27 points to stand at 8,452 points till then.
Of the issues traded till then, 61 gained, 21 declined, and 13 issues remained unchanged with Tk 42 million in turnover.