Bourses witness uptrend in early trading

| Updated: June 18, 2022 10:17:58

Bourses witness uptrend in early trading

Stocks opened higher on Thursday, maintaining the previous day’s positive trend, as the bargain hunters continued their buying binge on lucrative issues.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 46.15 points or 0.72 per cent to reach 6,420 after the first two hours of trading at 12:00 noon.

Two other DSE indices also opened higher. The DS30 index, comprising blue chips, gained 16.40 to reach 2,318 and the Shariah Index (DSES) rose 10.70 points to stand at 1,400.

Market insiders said bargain hunters were active on major sector issues as those shares became lucrative following the recent price erosion.

Meanwhile, the Finance Minister said on Wednesday after the purchase body meeting that the stock market should make a turnaround when the new budget implementation begins which also brings a positive signal among investors, they said.

Turnover, another important indicator of the market, stood at Tk 4.68 billion after two hours of trading.

Of the issues traded till then, 256 advanced, 75 declined and 48 remained unchanged on the DSE trading floor.

Shinepukur Ceramics was the most traded stock till the filing of this report at 12:00 noon with shares worth Tk 280 million changing hands, closely followed by RAK Ceramics, Monno Fabrics, Beximco and IPDC Finance.

The port city bourse – the Chittagong Stock Exchange – (CSE) also opened higher with CSE All Share Price Index - CASPI - gaining 70 points to stand at 18,843, also at 12:00 noon.

Of the issues traded till then, 121 advanced, 69 declined and 31 remained unchanged with Tk 719 million in turnover.

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