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The Financial Express

Stocks open week on positive note

| Updated: September 07, 2020 13:16:07


Stocks open week on positive note

Stocks posted a marginal gain in early trading on Sunday as investors are active on sector-wise issues riding on regulatory steps to bring discipline in the capital market.

After crossing the prime index 4,900-mark last week, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend at opening.

Within first 15 minutes of trading, the key index of the DSE advanced 25 points while the CSE All Share Price Index (CASPI) of the port city’s bourse gained 32 points at 10:15am.

After 30 minutes of trading, the DSEX advanced more than 28 points while the CSE All Share Price Index (CASPI) of the port city’s bourse rose 39 points at 10:30am when the report was filed.

DSEX, the prime index of the DSE, went up by 28.92 points or 0.58 per cent to reach at 4,956 points at 10:30am.

Market analysts said active presence of the bargain hunters, lower returns on the money market, lucrative price level of listed securities and strong regulatory actions against wrongdoers helped buoy the market.

The optimistic investors showed their buying appetite on large-cap stocks amid growing confidence in the market following the regulator’s recent steps to bring discipline in the capital market, said a merchant banker.

Two other indices also saw positive trend till then. The DS30 index, comprising blue chips, gained 6.53 points to reach at 1,721 points while the DSE Shariah Index (DSES) gained 2.99 points to reach 1,144 points till then.

Turnover, the important indicator of the market, stood at Tk 2.25 billion when the report was filed at 10:30am which was Tk 2.13 billion in the previous day at 10:30am.

Of the issues traded till then, 217 advanced, 73 declined, and 45 remained unchanged.

Beximco Pharma was the most traded stocks till then with shares worth Tk 131 million changing hands, closely followed by Brac Bank, Dragon sweater, Orion Pharma and Beximco.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-gaining 39 points to stand at 14,105, also at 10:30am.

The Selective Category Index – CSCX –also rose 24 points to stand at 8,507 points till then.

Of the issues traded till then, 73 gained, 24 declined, and 15 issues remained unchanged with Tk 41 million in turnover.

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