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Bourses witness upward trend in early trading

| Updated: February 19, 2018 17:46:35


FE file photo used for representational purpose only. FE file photo used for representational purpose only.

Stocks witnessed upward trend in early hour of trading on Monday as investors remained active on sector-wise stocks amid ongoing dividend declarations session.

Following the previous day’s sharp decline, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trend in early trading following rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 43 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 36 points at 10:45am when the report was filed.

DSEX, the prime index of the DSE, went up by 43.32 points or 0.72 per cent to reach at 5,994 points at 10:45am.

The two other indices also saw upturn till then. The DS30 index, comprising blue chips advanced 16 points or 0.73 per cent to reach at 2,209 points.

The DSE Shariah Index (DSES) also gained 5.92 points or 0.42 per cent to stand at 1,400 points till then.

Turnover, the important indicator of the market, stood at Tk 348 million when the report was filed at 10:45am.

Of the issues traded till then, 174 advanced, 18 declined, and 24 remained unchanged.

Low-cap companies dominated the turnover chart till then with CVO Petrochemicals Refinery was the most traded stocks till then with shares worth Tk 32 million changing hands, closely followed by Unique Hotel & Resorts Tk 28 million, Legacy Footwear Tk 20 million, Apex Foods Tk 15 million, and Zaheen Spinning Tk 14 million.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend with CSE All Share Price Index- CASPI- advancing 36 points to stand at 18,459, also at 10:45am.

The Selective Category Index – CSCX –also gained 21 points to stand at 11,139 points till then.

Of the issues traded till then, 40 gained, 10 declined, and 8 issues remained unchanged with Tk 11 million in turnover.

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