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The Financial Express

Bourses witness upward trend on buying appetite

| Updated: February 11, 2018 17:07:02


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

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

Brokers said investors became optimistic as the country’s political tension eased somewhat and the premier bourse approved the proposal of Chinese consortium to be a strategic partner of DSE.

Following the previous week’s moderate correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on higher note amid increasing 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 (CAPSI) of port city bourse rose 45 points at 10:45am.

After 30 minutes of trading, the DSEX advanced nearly 67 points while the CAPSI of port city bourse gained 93 points at 11:00am, when the report was filed.

DSEX, the prime index of the DSE, went up by 66.88 points or 1.12 per cent to reach at 6,032 points at 11:00am.

The two other indices also saw upturn till then. The DS30 index, comprising blue chips advanced 20.58 points or 0.92 per cent to reach at 2,246 points.

The DSE Shariah Index (DSES) gained 14 points or 0.88 per cent to stand at 1,402 points till then.

Turnover, the important indicator of the market, stood at only Tk 754 million when the report was filed at 11:00am.

Of the issues traded till then, 237 advanced, 10 declined, and 22 remained unchanged.

LankaBangla Finance was the most traded stocks till then with shares worth Tk 76 million changing hands, closely followed by Monno Ceramic Industries Tk 41 million, Anward Galvanizing Tk 34 million, Pharma Aids Tk 24 million, and Usmania Glass Sheet Factory Tk 22 million.

The port city bourse – Chittagong Stock Exchange (CSE) saw upward trend till then with CSE All Share Price Index (CAPSI) advancing 93 points to stand at 18,521, also at 11:00am.

The Selective Category Index (CSCX) also gained 56 points to stand at 11,185 points till then.

Of the issues traded till 11:00am, 65 gained, 6 declined, and 4 issues remained unchanged with Tk 16 million in turnover.

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