Stocks open higher rise after BB holds rates


FE Online Report | Published: January 30, 2018 11:54:42 | Updated: January 31, 2018 12:22:45


Stocks witness mostly higher at opening

The prices of most of the shares on both bourses witnessed upward trend in early hour of trading Tuesday as investors’ tension over monetary policy statement eased.

Bangladesh Bank (BB) Governor Fazle Kabir unveiled the monetary policy statement on Monday, saying the central bank will take steps to facilitate raising funds from the capital market through bonds.

Following the previous day’s positive note, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed upturn amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 23 points while the CSE All Share Price Index (CAPSI) of port city’s bourse gained 14 points at 10:45am.

After 30 minutes of trading, the key index of the DSE gained more than 28 points while the CSE All Share Price Index (CAPSI) rose 30 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 28.88 points or 0.46 per cent to reach at 6,205 points at 11:00am.

The two other indices also saw upward trend till then. The DS30 index, comprising blue chips, advanced 5.64 points or 0.24 per cent to reach at 2,299.

The DSE Shariah Index (DSES) also rose 4.0 points or 0.28 per cent to stand at 1,429 points till then.

Turnover, the important indicator of the market, stood at only Tk 654 million when the report was filed at 11:00am.

Of the issues traded till then, 153 advanced, 33 declined and 38 remained unchanged.

Grameenphone (GP) was the most traded stocks till then with shares worth Tk 80 million changing hands, closely followed by Nahee Aluminum Tk 46 million, Aamra Networks Tk 45 million, Monno Ceramic Industries Tk 28 million and Golden Harvest Agro Tk 28 million.

CHITTAGONG STOCK EXCHANGE:

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with CSE All Share Price Index- CAPSI- advancing 30 points to stand at 19,074, also at 11:00am.

The Selective Category Index – CSCX –also advanced 19 points to stand at 11,521 points till then.

Of the issues traded till then, 43 gained, 13 declined and 6 issues remained unchanged with Tk 16 million in turnover.

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