Stocks witnessed positive trend in early trading on Thursday as a section of investors continued their buying appetite on selective large-cap issues amid expectation.
After crossing the prime bourse’s key index 4,800-mark in the previous day, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid optimism.
Within the first 15 minutes of trading, the key index of the country’s prime bourse rose about 30 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 38 points at 10:15am.
After that the market slowed down some extent as the session progressed and the key index of the DSE advanced 11.63 points while the CSE All Share Price Index (CASPI) of the port city’s bourse gained 8.0 points at 10:30am when the report was filed.
DSEX, the prime index of the DSE, went up by 11.63 points or 0.24 per cent to reach at 4,839 points at 10:30am.
Market operators said lower returns on the money market, lucrative price level of listed securities and strong regulatory actions against wrongdoers coupled with some positive macro indicators prompted investors to take position on large-cap stocks.
The investors are injecting fresh funds into the market targeting capital gains as returns from the money market have declined, said a merchant banker.
The two other indices also saw positive trend till then. The DS30 index, comprising blue chips, gained 3.97 points to reach at 1,683 and the DSE Shariah Index (DSES) advanced 4.08 points to reach at 1,130 points till then.
Turnover, the important indicator of the market, stood at Tk 1.42 billion when the report was filed at 10:30am.
Of the issues traded till then, 173 advanced, 71 declined, and 76 remained unchanged.
LafargeHolcim was the most traded stocks till then with shares worth Tk 112 million changing hands, closely followed by Beximco, Express Insurance, Orion Pharma and BATBC.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-gaining 8.0 points to stand at 13,734, also at 10:30am.
The Selective Category Index – CSCX –also rose 4.0 points to stand at 8,301 points till then.
Of the issues traded till then, 27 gained, 19 declined, and 22 issues remained unchanged with Tk 29 million in turnover.
