Stocks witnessed positive trend in early trading on Monday as bargain hunters continued their buying appetite on sector-wise issues based on corporate declarations.
Following the previous day’s sharp gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trends in early trading.
Within the first 30 minutes of trading, the DSE key index rose more than 20 points while the CSE All Share Price Index- CASPI gained 46 points when the report was filed at 10:30 am.
DSEX, the prime index of the DSE, went up by 20.19 points or 0.41 per cent to reach 4,916 points at 10:30 am.
Two other insides also saw positive trends till then. The DS30 index, comprising blue chips, advanced 3.73 points to reach at 1,703 and the Shariah Index (DSES) rose 3.40 points to reach 1,114 points till then.
Market analysts said bargain hunters showed their buying appetite on the selective issues based on latest year-end dividend and quarter-end earnings declarations.
Investors were active on stocks which declared expected dividend and quarterly earnings, taking the market index in the higher note, said a merchant banker.
Turnover, another important indicator of the market, stood at Tk 1.66 billion when the report was filed at 10:30 am.
Of the issues traded till then, 174 advanced, 66 declined and 71 remained unchanged.
Global Insurance was the most traded stocks till then with shares worth Tk 152 million changing hands, closely followed by AND Telecom, Beximco and Express Insurance.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with CSE All Share Price Index- CASPI-gaining 46 points to stand at 14,028, also at 10:30am.
The Selective Categories Index – CSCX also gained 28 points to reach 8,438 till then.
Of the issues traded till then, 63 gained, 23 declined, and 22 issues remained unchanged with Tk 87 million in turnover.