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Stocks witness sharp rise in early trading

FE Online Report | Published: June 27, 2018 11:46:50 | Updated: June 28, 2018 10:38:00


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Most of the shares on both bourses saw steep rise in early hour of trading on Wednesday as investors are showing their buying appetite on sector-wise stocks.

Following the previous two days’ downturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 30 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 46 points at 10:45am.

After 30 minutes of trading, the DSEX advanced more than 49 points while the CSE All Share Price Index (CASPI) of port city bourse rose 73 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 49.60 points or 0.91 per cent to reach at 5,460 points at 11:00am.

The DS30 index, comprising blue chips, also advanced 21 points to reach at 1,987 points.

The DSE Shariah index gained 14 points to reach at 1,274 points till then.

Turnover, the important indicator of the market, stood at Tk 1.18 million when the report was filed at 11:00am.

Of the issues traded till then, 191 advanced, 38 declined and 44 remained unchanged.

Ratanpur Steels was the most traded stocks till then with shares worth Tk 83 million changing hands, closely followed by Pharma Aids BDT 71 million, Alif Industries BDT 70 million, Monno Ceramic BDT 66 million and Apex Footwear Tk 54 million.

The port city bourse – the Chittagong Stock Exchange (CSE)— also saw upward trend till then with CSE All Share Price Index- CASPI-advancing 73 points to stand at 16,700, also at 11:00am.

The Selective Category Index – CSCX –also rose 45 points to stand at 10,098 points till then.

Of the issues traded till then, 62 gained, 20 declined and 13 issues remained unchanged with Tk 150 million in turnover.

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