Stocks witnessed positive trend in early trading on Tuesday as bargain hunters continued their buying appetite on sector-wise issues based on corporate declarations.
Following the previous three days’ gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trends in early trading.
Within the first 30 minutes of trading, the DSE key index rose more than 14 points while the CSE All Share Price Index- CASPI gained 36 points at 10:30 am when the report was filed.
DSEX, the prime index of the DSE, went up by 14.12 points or 0.28 per cent to reach 4,932 points at 10:30 am.
Two other insides also saw positive trend till then. The DS30 index, comprising blue chips, advanced 6.65 points to reach at 1,705 and the Shariah Index (DSES) rose 2.54 points to reach 1,114 points till then.
Market operators said investors continued their buying appetite on sector-wise stocks amid a growing confidence in the market riding on regulatory moves to restore discipline in the country’s capital market.
The bargain hunters showed their buying appetite on the selective issues based on latest year-end dividend and quarter-end earnings declarations, said a leading broker.
Turnover, another important indicator of the market, stood at Tk 1.45 billion when the report was filed at 10:30 am.
Of the issues traded till then, 139 advanced, 100 declined and 85 remained unchanged.
Beximco Pharma was the most traded stocks till then with shares worth Tk 152 million changing hands, closely followed by Bangladesh National Insurance, Peoples Insurance, Peninsula Chittagong, and Asia Insurance.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-gaining 36 points to stand at 14,104, also at 10:30 am.
The Selective Categories Index – CSCX also gained 21 points to reach 8,481 till then.
Of the issues traded till then, 60 gained, 39 declined, and 20 issues remained unchanged with Tk 30 million in turnover.
