Abu Taher Bappa

2020-07-14 11:56:32 BdST

Stocks witness positive trend amid virus jitters

Stocks witnessed positive trends in early trading on Tuesday as a section of investors showed their buying binge on selective large-cap issues.

Within 30 minutes of trading, DSEX advanced more than 3.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 39 points at 11:00 am when the report was filed.

DSEX, the prime index of the DSE, went up by 3.56 points or 0.08 percent to stand 4,093 points at 11:00 am.

Two other indices also saw positive trends till then. The DS30 index, comprising blue chips, gained 1.79 points to reach at 1,377 and DSE Shariah Index rose 4.73 points to stand at 955 points till then.

Turnover, the important indicator of the market, stood at Tk 546 million on DSE when the report was filed at 11:00 am.

Market operators said a section of investors remained active on the market riding on optimism owing to the gradual reopening of the economy and revival of some specific sectors’ activities.

The stock market regulator’s hard stance on ensuring mandatory 2.0 per cent shareholding by each director of listed companies had also a positive impact on the selective stock prices, said a stockbroker.

Square Pharma was the most traded stocks till then with shares worth Tk 47 million changing hands, followed by Indo-Bangla Pharma, Bexomco Pharma, BSCCL, and Nahee Aluminum.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend till then with the CSE All Share Price Index- CASPI-gaining 39 points to stand at 11,645 points, also at 11:00 am.

The Selective Category Index – CSCX – also rose 25 points to stand at 7,059 points till then.

Of the issues traded till then, 25 advanced, 16 declined and 27 issues remained unchanged with Tk 12 million in turnover.

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