Stocks witnessed a marginal gain in early trading on Sunday as some investors showed buying interest on lucrative issues.
Following the previous three days’ modest fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 9.22 points or 0.14 per cent to stand at 6,336 after the first hour of trading at 11:00am.
Two other indices saw a positive trend till then. The DS30 Index, which consists of the blue-chip companies, gained 4.07 points to 2,278 while the DSES Index, which represents Shariah-based companies, rose by 3.28 points to 1,380.
Turnover, another important indicator of the market, stood at Tk 1.79 billion after the first hour of trading.
Market analysts, however, said the market outlook remains gloomy as investors are concerned about several macroeconomic issues such as energy crisis due to gas shortages, inflationary pressure and depreciating local currency.
“Investors were anxious over the country’s macroeconomic cues,” said a merchant banker.
He noted that the ongoing bearish sentiment made investors cautious while the news of foreign-exchange reserves fell below $40 billion after two years, keeping them more nervous.
Of the issues traded till then, 176 advanced, 136 declined, and 61 issues remained unchanged on the DSE trading floor till then.
Intraco Refueling Station was the most traded stock till then with shares worth Tk 188 million changing hands, closely followed by Titas Gas, Beximco, and Fu-Wang Food.
However, the Chittagong Stock Exchange, opened lower with its All Shares Price Index (CASPI)—losing 11 points to stand at 18,584 while the Selective Categories Index – CSCX fell 7.0 points to reach 11,136, also at 11:00am.
Of the issues traded till then 76 declined, 58 advanced and 24 remained unchanged with turnover of Tk 28 million till then.
