Bangladesh
5 years ago

Stocks drift higher on buying spree

Published :

Updated :

The prices of most of the shares saw upward trend in early hour of trading Wednesday as investors are showing buying appetite on sector-wise issues.

Following the previous day’s marginal gain, 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 26 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 32 points at 10:45am.

After 30 minutes of trading, the DSEX rose more than 46 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 51 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 46.72 points or 0.86 per cent to stand 5,427 points at 11:00am.

The DS30 index, comprising blue chips, also rose 10.71 points to reach at 1,903 points till then. The DSE Shariah Index also gained 2.90 points to stand at 1,244.

Turnover, the important indicator of the market, stood at Tk 1.02 billion on DSE when the report was filed at 11:00am.

Low-cap companies dominated the turnover chart with VFS Thread Dyeing was the most traded stocks till then with shares worth Tk 63 million changing hands, closely followed by BD Finance with Tk 54 million, Legacy Footwear Tk 47 million, Stylecraft Tk 38 million and International Leasing Tk 35 million.

Of the issues traded till then, 183 advanced, 56 declined and 37 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) saw upward trend till then with CSE All Share Price Index- CASPI-gaining 51 points to stand at 16,636 points, also at 11:00am.

The Selective Category Index – CSCX –also rose 31 points to stand at 10,074 points till then.

Of the issues traded till then, 57 gained, 26 declined and 10 issues remained unchanged with Tk 30 million in turnover.

[email protected]

Share this news