Stocks on both the bourses witnessed an upward trend in the early trading on Tuesday as optimistic investors kept showing their buying binge on sector-wise issues amid positive expectation.
Following the previous day’s upward trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw an upward trend this morning amid rising trading activities.
Within the first 30 minutes of trading, the DSE key index rose more than 32 points while the CSE All Share Price Index (CASPI) gained 70 points at 10:30 am when the report was filed.
DSEX, the prime index of the DSE, went up by 32.80 points or 0.63 per cent to reach at 5,179 points at 10:30 that time.
Two other DSE indices also saw a positive note till then. The DS30 index, comprising blue chips, advanced 10.73 points to reach at 1,823 while the Shariah Index (DSES) rose 11.18 points to stand at 1,203 points till then.
Turnover, another important indicator of the market, stood at Tk Tk 1.46 billion when the report was filed at 10:30 am.
Market operators said bargain hunters keep showing their buying appetite on sector-specific issues amid growing confidence riding on different regulatory moves and gradual improvement of the country's economic activities.
The investors maintain their buying binge following some of the positive macro-economic indicators despite Covid-19 pandemic, said a merchant banker.
He noted that the stock market regulator’s moves to restructure the boards of the listed companies of which sponsor-directors fail to hold minimum 30 per cent shares jointly also attracted the investors.
Of the issues traded on the DSE till filing of this report, 185 advanced, 39 declined, and 75 remained unchanged.
Beximco Pharma was the most traded stock till then with shares worth Tk 158 million changing hands, closely followed by Beximco, Rupali Insurance, Walton and Fortune Shoes.
The Chittagong Stock Exchange also saw an upward trend till then with the CASPI gaining 70 points to stand at 14,857, also at 10:30 am.
The Selective Categories Index (CSCX) also gained 43 points to reach at 8,949 till then.
Of the issues traded till then, 43 gained, 16 declined, and 19 issues remained unchanged with Tk 82 million in turnover.
