Stocks open on positive note amid low turnover


FE Online Report | Published: March 03, 2020 11:47:24 | Updated: March 05, 2020 10:51:55


Stocks open on positive note amid low turnover

Stocks witnessed upward trend in early hours of trading on Tuesday as optimistic investors are showing their appetite on sector-wise shares.

Following the previous day’s modest gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note, but trading activities remains low.

Within 15 minutes of trading, DSEX advanced more than 41 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 76 points at 10:45am.

After 30 minutes of trading, DSEX advanced more than 51 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 100 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 51 points or 1.15 per cent to stand 4,485 points at 11:00am.

Two other indices also saw positive till then. The DS30 index, comprising blue chips, gained 13.76 points to reach at 1,493 and the DSE Shariah Index rose 9.97 points to stand at 1,040 points till then.

Turnover, the important indicator of the market, stood at Tk 1.13 billion on DSE when the report was filed at 11:00am.

Central Pharma was the most traded stocks till then with shares worth Tk 72 million changing hands, closely followed by Far Chemical, VFS Thread Dyeing, Daffodil Computers and Alif Manifesting Company.

Of the issues traded till then, 243 advanced, 19 declined and 100 remained unchanged on the DSE trading floor.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-advancing 100 points to stand at 13,659 points, also at 11:00am.

The Selective Category Index – CSCX – also gained 60 points to stand at 8,279 points till then.

Of the issues traded till then, 78 advanced, 11 declined and 9 issues remained unchanged with Tk 30 million in turnover.

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