Stocks opened on a positive note on Monday amid volatile trading as the investors were active on both sides of the trading fence.
Following the previous day’s marginal correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up 14.43 points or 0.22 per cent to stand at 6,504, after the first two hours of trading at 11:30 am.
Two other DSE indices also saw positive trends till then. The DS30 index, comprising blue chips, rose 5.38 points to finish at 2,308 and the DSE Shariah Index (DSES) gained 6.37 points to close at 1,416.
Turnover, another important indicator of the market, stood at Tk 7.05 billion after two hours of trading.
Market analysts said stocks witnessed volatility as the investors were active on both sides of the trading fence.
Some investors were booking profit on quick-gaining issues while some continued buying lucrative shares, making the market volatile, said a merchant banker.
Of the issues traded till then, 167 advanced, 112 declined and 88 issues remained unchanged on the DSE trading floor.
JMI Hospital Requisite Manufacturing was the most traded stock till the filing of this report with shares worth Tk 637 million changing hands.
The Chittagong Stock Exchange also saw a slight rise till then with its All Shares Price Index (CASPI)—rising 2.02 points to stand at 19,083 while the Selective Categories Index – CSCX – rose 1.60 points to reach 11,438, also at 11:30 am.
Of the issues traded till then, 84 declined, 66 advanced, and 54 remained unchanged with a turnover of Tk 93 million.
