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Stocks witness modest gain at opening

| Updated: March 05, 2020 14:54:32


Stocks witness modest gain at opening

Stocks witnessed a modest gain in early hours of trading on Wednesday as optimistic investors are showing their appetite on sector-wise shares.

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

Within 30 minutes of trading, DSEX advanced more than 37 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 26 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 37.46 points or 0.83 per cent to stand 4,503 points at 11:00am.

Two other indices also saw positive till then. The DS30 index, comprising blue chips, gained 9.86 points to reach at 1,495 and the DSE Shariah Index rose 6.91 points to stand at 1,044 points till then.

Turnover, the important indicator of the market, stood at Tk 993 million on DSE when the report was filed at 11:00am.

Orion Pharma was the most traded stocks till then with shares worth Tk 56 million changing hands, closely followed by Alif Manufacturing, CVO Petrochemicals, Intraco Refueling and Saiham Textile.

Of the issues traded till then, 235 advanced, 33 declined and 44 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 26 points to stand at 13,691 points, also at 11:00am.

The Selective Category Index – CSCX – also gained 15 points to stand at 8,298 points till then.

Of the issues traded till then, 56 advanced, 23 declined and 6 issues remained unchanged with Tk 30 million in turnover.

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