Stocks see upward trend at opening

The prices of most of the stocks on both bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)- witnessed upward trend in early hours Wednesday, the maiden trading session of the New Year. After 30 minutes of trading, the prime index of the DSE - DSEX- went up by 31.59 points 0r 0.74 per cent to stands at 4,298.14 points when the report was filed at 11am. The DS30 index, comprising blue chips also advanced 7.26 points or 0.49 per cent to reach at 1,473.52 points. The turnover value stands at Tk 475 million on DSE floor when the report was filed at 11am. Of the issues traded, 150 gained, 21 declined and 13 remained unchanged. RN Spinning is the most traded stocks with shares worth Tk 65.39 million changing hands till then followed by LankaBangla Finance, Golden Son, Delta Life Insurance, and Generation Next Fashion. Share prices of most of the banks are showing upward trend despite decline in their operating profit in 2013. NBFIs, Fuel & power, telecommunications and pharmaceuticals sectors also showed positive trend. The port city bourse - CSE-- also witnessed positive trend at opening and its Selective Category Index - CSCX gained 35.50 points or 0.42 per cent to stand at 8,414.49 points, also at 11am. Of the issues traded till then, 50 gained, 20 declined and 13 remained unchanged with a turnover value of Tk 45.42 million.