Stocks opened marginally higher in the early trading on Monday as bargain hunters were showing their buying interest on sector-wise issues.
Following the previous day’s sharp decline, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 13.69 points or 0.19 per cent to stand at 6,869 points within the first hour of trading at 11:00 am.
Two other DSE indices saw positive trends till then. The DS30 index, comprising blue chips, gained 6.12 points to stand at 2,605 and the Shariah Index (DSES) rose 1.90 points to stand at 1,446 points till then.
Turnover, another important indicator of the market, stood at Tk 2.83 billion within the first hour of trading at 11:00 am.
Market insiders said the bargain hunters are showing their buying interest in sector-specific stocks.
However, the cautious investors continued to cash in on stocks while many investors remained on the sidelines amid lack of clear market direction, they said.
Of the issues traded till then, 150 advanced, 158 declined and 68 issues remained unchanged on the DSE trading floor.
Beximco was the most traded stock till the filing of this report with shares worth Tk 408 million changing hands, closely followed by Orion Pharma, Genex Infosys, BATBC and Alif Manufacturing Company.
The Chittagong Stock Exchange saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 7.54 points to stand at 20,085 while the Selective Categories Index – CSCX rose 4.80 points to reach 12,066, also at 11:00 am.
Of the issues traded till then, 42 advanced, 73 declined and 20 remained unchanged with Tk 70 million in turnover.