Sector-specific stocks attract investors

Dhaka,  Thu,  25 May 2017
Published : 14 Mar 2017, 11:23:53 | Updated : 14 Mar 2017, 11:25:20
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Sector-specific stocks attract investors

FE Online Report
The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed upward trend in early trading Tuesday as enthusiastic investors were active on sector-specific issues.

After previous day’s marginal correction, the market opened higher and the key index of prime bourse advanced 23.12 points to reach at 5,683 at 10:45am.

After 30 minutes of trading, DSEX, the key index of the country’s major bourse advanced 28.08 points while the Selective Category Index of port city bourse rose 59.90 points at 11:00am.

The prime index of the DSE went up by 28.08 points or 0.49 per cent to stand at 5,688 points when the report was filed at 11:00am.

The two other indices also saw upward trend. The DS30 index, comprising blue chips advanced 4.96 points or 0.24 per cent to stand at 2,048.34 points. The DSE Shariah Index (DSES) also gained 2.56 points or 0.19 per cent to reach at 1,309.84 points.

Turnover, the crucial indicator of the market, stands at Tk 1.38 billion on the DSE, when the report was filed at 11:00am, riding on LankaBangla Finance and Active Fine Chemicals.

LankaBangla Finance dominated the turnover chart with shares worth Tk 82 million changing hands till then, followed by Active Fine Tk 68 million, First Security Islami Bank Tk 65 million, National Bank Tk 63 million and IFIC Bank Tk 60 million.

Of the issues traded till then, 130 advanced, 72 declined and 35 issues remained unchanged till 11:00am.

The port city bourse, the Chittagong Stock Exchange (CSE), also saw upward trend till then with its Selective Category Index – CSCX – advancing 59.90 points to stand at 10,699, also at 11:00am.

Of the issues traded till then, 71 gained, 36 declined and 10 remained unchanged with a turnover value of Tk 72 million.

-bb/rmc//
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