Dhaka, Bangladesh (BBN) – Bangladesh’s stocks maintained the positive trend at midday on Wednesday as investors are showing their buying appetite on large-cap stocks, especially Lafarge Surma Cement.
Investors grabbed Lafarge’s share following the news that the company finally agreed to buy Holcim Bangladesh at around BDT 5.04 billion, a price that was previously set by the Bangladesh Bank.
Following the previous day’s positive note, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher trend with rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 13 points while the CSE All Shares Price Index (CAPSI) of port city bourse rose 34 points at 10:45am.
After first 30 minutes of trading, the key index of the country’s prime bourse advanced more than 17 points while the CSE All Shares Price Index (CAPSI) of port city bourse rose 21 points at 11:00am.
After 90 minutes of trading, DSEX advanced 7.15 points while the CSE All Shares Price Index gained 14 points at 12noon when the report was filed.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 6,175 points, advancing 7.15 points or 0.11 percent at 12noon.
The two other indices also saw positive trend till then. The DS30 index, comprising blue chips, gained 5.09 points or 0.22 percent to reach at 2,250 points.
The DSE Shariah Index (DSES) also advanced 3.15 points or 0.23 percent to reach at 1,375 points.
Turnover, the crucial indicator of the market, stands at BDT 2.03 billion, when the report was filed at 12noon, riding on Lafarge Surma Cement.
Lafarge Surma Cement was the most traded stocks till then with shares worth BDT 911 million changing hands, followed by Paramount Textile BDT 74 million, Nahee Aluminum BDT 57 million, Islami Bank BDT 38 million, and GrameenPhone BDT 36 million.
Of the issues traded till then, 99 advanced, 151 declined and 59 issues remained unchanged on the DSE trading floor.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Shares Price Index of –advancing 14 points to stand at 19,097 points, also at 12noon.
The Selective Categories Index of the port city bourse also gained 11 points to reach at 11,547 points till then.
Of the issues traded till then, 50 gained, 76 declined and 39 issues remained unchanged with BDT 237 million in turnover.