Stocks witnessed a sharp rise in early hour of trading on Tuesday as optimistic investors showed their buying appetite on large-cap stocks after a high prolife meeting held on Monday.
Against the backdrop of a freefall in stock indices for the last few days, a high-profile meeting recommended closer coordination between the securities regulator and the central bank and also stakeholders’ watchfulness to stabilise the market.
The meeting also laid emphasis on strengthening the monitoring and supervision to avert any possible debacle.
Following the previous five days’ falling trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher in early trading Tuesday.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 40 points while the CSE All Share Price Index (CAPSI) of port city bourse gained 32 points at 10:45am.
After 30 minutes of trading, the DSEX rose more than 58 points while the CSE All Share Price Index (CAPSI) of port city’s bourse advanced 119 points at 11:00am, when the report was filed.
DSEX, the prime index of the DSE, went up by 58.60 points or 0.99 per cent to reach at 5,912 points at 11:00am.
The two other indices also saw upturn till then. The DS30 index, comprising blue chips advanced 20.45 points or 0.93 per cent to reach at 2,212 points.
The DSE Shariah Index (DSES) gained 8.78 points or 0.64 per cent to stand at 1,386 points till then.
Turnover, the important indicator of the market, stood at only Tk 543 million when the report was filed at 11:00am.
Of the issues traded till then, 215 advanced, 29 declined, and 18 remained unchanged.
LankaBangla Finance was the most traded stocks till then with shares worth Tk 79 million changing hands, closely followed by BD FinanceTk 47 million, Pharma Aids Tk 34 million, Brac Bank Tk 31 million and Square PharmaTk 21 million.
The port city bourse – the Chittagong Stock Exchange – (CSE) saw upward trend till then with CSE All Share Price Index- CAPSI- advancing 119 points to stand at 18,249, also at 11:00am.
The Selective Category Index – CSCX –also gained 74 points to stand at 11,026 points till then.
Of the issues traded till then, 45 gained, 10 declined, and 10 issues remained unchanged with Tk 21 million in turnover.