Stocks witness positive trend in early trading

Dhaka,  Wed,  20 September 2017
Published : 21 Aug 2017, 11:56:38
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 Stocks witness positive trend in early trading

FE Online Report
Most of the shares witnessed an upward trend in the early hour of trading on Monday as investors are showing their buying appetite on sector-specific stocks.

Following the previous three days’ correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw a positive trend in early trading amid low participation of investors.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 9.0 points while the Selective Category Index of the port city bourse lost 3.78 points at 10:15am.

After first 30 minutes of trading, DSEX rose more than 23 points while the Selective Category Index of the port city bourse advanced 3.70 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went up by 23 points or 0.39 per cent to reach at 5,842 points at 11:00am.

Two other indices saw a positive trend till then. 

Of them, DS30 index, comprising blue chips, advanced 6.33 points or 0.30 per cent to 2,105 points, and DSE Shariah Index (DSES) rose 3.54 points or 0.27 to stand at 1,305 points.

Turnover, an important indicator of the market, stood at Tk 1.15 billion when the report was filed at 11:00am.

Keya Cosmetics led the turnover chart with shares worth Tk 130 million changing hands till then, closely followed by BBS Cables Tk 96 million, Ratanpur Steels Tk 70 million, Familytex Tk 55 million and Fu-Wang Food Tk 35 million.

Of the issues traded till then, 169 advanced, 59 declined and 33 remained unchanged.

Port city bourse Chittagong Stock Exchange also saw a positive trend till then with its Selective Category Index  CSCX advancing 3.70 points to stand at 10,931 points, also at 11:00am.

Of the issues traded till then, 48 gained, 31 declined and 14 issues remained unchanged with Tk 47 million in turnover.  

 
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