Bourses open higher on corporate declarations

October 08, 2020 11:13:05

| Updated:

October 08, 2020 12:59:10

Stocks witnessed a positive trend in early trading on Thursday as bargain hunters continued their buying interest on sector-wise issues amid expectations.

Following the previous day’s slight gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange opened higher amid low trading activities.

Within the first 30 minutes of trading, the DSE key index advanced more than 11 points while CSE All Share Price Index- CASPI rose 13 points when the report was filed at 10:30am.

DSEX, the prime index of the DSE, went up by 11.65 points or 0.23 per cent to reach 4,946 points at 10:30am.

Two other indices also saw positive trend till then. The DS30 index, comprising blue chips, advanced 0.49 points to reach at 1,678 and the Shariah Index (DSES) gained 2.57 points to reach 1,114 points till then.

Turnover, another important indicator of the market, stood at Tk 1.38 billion when the report was filed at 10:30am.

Market analysts said many good stocks have become lucrative following the recent price correction which encouraged some investors to take position.

Corporate declarations of some companies also attracted investors to the market, said a leading broker.

Of the issues traded till then, 197 advanced, 56 declined and 72 remained unchanged.

Walton Hi-Tech was the most traded stocks till then with shares worth Tk 88 million changing hands, closely followed by Continental Insurance, First Bangladesh Fixed Income Fund, Keya Cosmetics and Express Insurance.

The port city bourse – the Chittagong Stock Exchange – (CSE) saw positive trend till then with CSE All Share Price Index- CASPI-gaining 13 points to stand at 14,126, also at 10:30am.

The Selective Categories Index – CSCX also gained 4.0 points to reach 8,479 till then.

Of the issues traded till then, 54 gained, 22 declined, and 12 issues remained unchanged with Tk 34 million in turnover.



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