Bangladesh
6 years ago

Stocks mostly higher on buying spree

Logos of DSE, CSE seen in this photo.
Logos of DSE, CSE seen in this photo.

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The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Monday as investors showed their buying appetite on large-cap stocks.

Market operators said investors continued their buying spree as the country’s political tension eased to some extent and the premier bourse approved the proposal of Chinese consortium to be a strategic partner of the country’s premier bourse.

Following the previous day’s sharp rise, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend at opening amid rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 39 points while the CSE All Share Price Index (CAPSI) of port city’s bourse rose 79 points at 10:45am.

After 30 minutes of trading, the DSEX gained nearly 32 points while the CSE All Share Price Index (CAPSI) of port city’s bourse advanced 100 points at 11:00am, when the report was filed.

DSEX, the prime index of the DSE, went up by 32 points or 0.52 per cent to reach at 6,125 points at 11:00am.

The two other indices also saw upturn till then. The DS30 index, comprising blue chips advanced 10 points or 0.45 per cent to reach at 2,266 points.

The DSE Shariah Index (DSES) gained 5.0 points or 0.35 per cent to stand at 1,417 points till then.

Turnover, the important indicator of the market, stood at only Tk 807 million when the report was filed at 11:00am.

Of the issues traded till then, 183 advanced, 45 declined, and 40 remained unchanged.

LankaBangla Finance was the most traded stocks till then with shares worth Tk 48 million changing hands, closely followed by Anwar Galvanizing Tk 41 million, Square Pharma Tk 40 million, Monno Ceramic Industries Tk 31 million, and City Bank Tk 28 million.

The port city bourse – the Chittagong Stock Exchange – (CSE) saw upward trend till then with CSE All Share Price Index- CAPSI- advancing 100 points to stand at 18,924, also at 11:00am.

The Selective Category Index – CSCX –also gained 60 points to stand at 11,425 points till then.

Of the issues traded till then, 78 gained, 11 declined, and 14 issues remained unchanged with Tk 34 million in turnover.

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