Dhaka, Bangladesh (BBN)-Bangladesh’s stocks kept the early hour’s upward momentum on midday Wednesday, the fourth session of the week, as optimistic investors took position on large-cap stocks.
The market opened with a slow trend and the benchmark index of the Dhaka Stock Exchange (DSE), went up by 6.0 points or 0.11 per cent to stand at 5,283.42 points within first 15 minutes of trading.
After 30 minutes of trading, the prime index DSE reached at 5,283, advancing 5.62 points or 0.10 per cent at 11:00am.
However, after 11:10am, the market started to move up strongly and at 12:00 noon, the key index of the key index soared 60.89 points, while the Selective Category Index of port city bourse rose 100 points.
After one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) reached at 5,338.28 points, advancing 60.89 points or 1.15 per cent at 12:00 noon.
The two other indices also showed upward trend. The DS30 index, comprising blue chips advanced 12.22 points or 0.64 per cent to reach at 1,906.88 points at 12:00 noon.
The DSE Shariah Index (DSES) also gained 7.39 points or 0.59 per cent to reach at 1,247.81 points.
Turnover, the crucial indicator of the market, stands at BDT 7.92 billion when the report was filed at 12:00 noon, driven by Beximco and Aman Feed.
Of the issues traded till then, 212 advanced, 76 declined and 31 issues remained unchanged on the DSE trading floor.
Beximco dominated the turnover chart with shares worth BDT 390 million changing hands till then, followed by Aman Feed BDT 262 million, National Bank BDT 193 million, DESCO BDT 189 million and IFIC Bank BDT 183 million.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw upward trend till 12:00 noon as its Selective Category Index – CSCX – advancing 100 points to stand at 9,933.73 points, also at 12:00 noon.
Of the issues traded till then, 145 gained, 59 declined and 14 issues remained unchanged with BDT 372 million in turnover.