Dhaka, Bangladesh (BBN) – Bangladesh’s stocks maintained the positive trend at midday on Tuesday as optimistic investors showed their buying appetite on large-cap stocks after a high profile meeting held on Monday.
Against the backdrop of freefall of stock indices for the last few days, a high-profile meeting yesterday 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’s 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.
After 90 minutes of trading, DSEX advanced 54.66 points while the CSE All Shares Price Index rose 141 points at 12noon when the report was filed.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE stands at 5,924 points, advancing 54.66 points or 0.93 percent at 12noon.
The two other indices also saw upturn till then. The DS30 index, comprising blue chips advanced 19 points or 0.88 percent to reach at 2,210 points.
The DSE Shariah Index (DSES) gained 6.62 points or 0.48 percent to stand at 1,384 points till then.
Turnover, the crucial indicator of the market, stands at BDT 1.14 billion, when the report was filed at 12noon.
LankaBangla Finance was the most traded stocks till then with shares worth BDT 105 million changing hands, closely followed by Pharma Aids BDT 91 million, Brac Bank BDT 66 million, BD Finance BDT 53 million and square Pharma BDT 48 million.
Of the issues traded till then, 258 advanced, 29 declined and 28 issues remained unchanged on the DSE trading floor.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till then with CSE All Shares Price Index of port city’s bourse – advancing 141 points to stand at 18,271 points, also at 12noon.
The Selective Categories Index of the port city bourse also gained 86 points to reach at 11,038 points till then.
Of the issues traded till then, 99 gained, 21 declined and 20 issues remained unchanged with BDT 54 million in turnover.