Stocks witness upturn amid low trading

Stocks witnessed upward trend in early hour trading on Wednesday as investors are showing their appetite on sector-wise large-cap issues.

Following the previous two days’ downturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trend, but trading activities remains low.Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 26 points while the CSE All Share Price Index of port city’s bourse rose 50 points at 10.45am.

After 30 minutes of trading, DSEX went up nearly 28 points while the CSE All Share Price Index of port city’s bourse rose more than 70 points at 11:00am when the report was filed.DSEX, the prime index of the DSE, went up by 28 points or 0.59 per cent to stand at 4,725 points at 11:00am.The DS30 index, comprising blue chips also rose 8.74 points to 1,625 and the DSE Shariah Index (DSES) advanced 4.54 point to stand at 1,065 points till then.

Turnover, the important indicator of the market, stood at Tk 754 million when the report was filed at 11:00am.Of the issues traded till then, 208 advanced, 32 declined and 37 remained unchanged.Sonar Bangla Insurance was the most traded stocks till then with shares worth Tk 70 million changing hands, closely followed by Sinobangla Industries, LafargeHolcim, Northern Insurance and United Finance.

The port city’s bourse – the Chittagong Stock Exchange – (CSE), also saw upward trend till then with CSE All Share Price Index- CASPI-gaining 70 points to stand at 14,374 points, also at 11:00am.The Selective Category Index – CSCX – gained 40 points to stand at 8,726 points till then.Of the issues traded till then, 54 advanced, 5 declined 7 remained unchanged with Tk 26 million in turnover.