midday business round up

Bangladesh’s stocks keep upturn at midday

Last updated: January 22, 2017

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks kept the early hour’s upward movement amid marginal volatility at midday on Sunday as investors remained active on large-cap stocks.
The market opened with a flying note and the key index of the Dhaka Stock Exchange (DSE) rose 32 points within first 15 minutes of trading.
After first hour of trading, the DSE key index losses almost all the initial gains and stand at 5,532 points. But since then, it started to rise again.
At 12:00 noon, DSEX, the key index of the DSE rose 29.56 points, while the Selective Category Index of port city bourse jumped 114.46 points.
DHAKA STOCK EXCHANGE:
After one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) reached at 5,563.62, gaining 29.56 points or 0.53 per cent when the report was filing at 12:00 noon.
The two other indices also saw upward trend. The DS30 index, comprising blue chips rose sharply by 23.12 points or 1.17 per cent to reach at 2,006.92 points at 12:00 noon.
The DSE Shariah Index (DSES) advanced 8.96 points or 0.70 per cent to reach at 1,284.52 points.
Turnover, the crucial indicator of the market, stands at BDT 6.22 billion when the report was filed at 12:00 noon riding on LankaBangla Finance and Baraka Power.
Of the issues traded till then, 232 advanced, 62 declined and 26 issues remained unchanged on the DSE trading floor.
LankaBangla Finance dominated the turnover chart with shares worth BDT 357 million changing hands till then, followed by Baraka Power BDT 243 million, Beximco BDT 215 million, Unique Hotel and Resorts BDT 209 million and Bangladesh Shipping Corporation BDT 208 million.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till 12:00 noon as its Selective Category Index – CSCX – advancing 114.46 points to stand at 10,401.04 points, also at 12:00 noon.
Of the issues traded till then, 150 gained, 41 declined and 19 issues remained unchanged with BDT 322 million in turnover.
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