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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Stocks post modest gain at opening amid low turnover

| Updated: October 19, 2020 17:10:50


Stocks post modest gain at opening amid low turnover

Stocks posted a marginal gain in early trading on Wednesday as investors showed their buying appetite on sector-specific issues.

Following the previous day’s positive trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange opened on a positive note amid low trading activities.

Within the first 30 minutes of trading, the DSE key index gained more than 6.0 points while CSE All Share Price Index- CASPI rose 17 points when the report was filed at 10:30am.

DSEX, the prime index of the DSE, went up by 6.46 points or 0.13 per cent to reach 4,846 points at 10:30am.

Two other indices also saw positive till then. The DS30 index, comprising blue chips, gained 3.10 points to reach at 1,652 and the Shariah Index (DSES) rose 3.37 points to reach 1,107 points till then.

Turnover, another important indicator of the market, stood at Tk 1.03 billion when the report was filed at 10:30am.

Market analysts said the bargain hunters showed their buying appetite on sector-wise stocks as many stocks came to lucrative price level after a recent correction.

However, a section of investors remained cautious amid the ongoing earnings declaration session.

Of the issues traded till then, 131 advanced, 107 declined and 78 remained unchanged.

The insurance sector continued to dominate the turnover chart with Asia Pacific Insurance was the most traded stocks till then with shares worth Tk 126 million changing hands, closely followed by Walton, Beximco Pharma, Continental Insurance and Bangladesh Submarine Cable.

The port city bourse – the Chittagong Stock Exchange – (CSE) saw positive trend till then with CSE All Share Price Index- CASPI-gaining 17 points to stand at 13,855, also at 10:30am.

The Selective Categories Index – CSCX also gained 10 points to reach 8,310 till then

Of the issues traded till then, 34 gained, 32 declined, and 19 issues remained unchanged with Tk 29 million in turnover.

babulfexpress@gmai.com

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