Stocks opened marginally higher on Monday with the key index of the major bourse crossing the 7100-mark in early trading as buoyant investors were showing their buying interest on sector-wise issues.
Following the previous four days’ modest gains, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 15.88 points or 0.22 per cent to stand at 7,105, after the first hour of trading at 11:00 am.
Two other DSE indices also saw marginal gains till then. The DS30 index, comprising blue chips, advanced 3.78 points to reach 2,608 and the Shariah Index (DSES) gained 3.88 points to stand at 1,526.
Turnover, another important indicator of the market, stood at Tk 3.12 billion within the first hour of trading as against Tk 3.44 billion in the first hour of trading in the previous day.
Market analysts said favourable macroeconomic indicators prompted some investors to take positions on sector-wise stocks, taking the market index above 7100-mark at the opening.
Of the issues traded till then, 170 advanced, 140 declined, and 55 issues remained unchanged on the DSE trading floor.
Bangladesh Shipping Corporation was the most traded stock till the filing of this report with shares worth Tk 218 million changing hands, closely followed by IFIC Bank, Orion Pharma, BD Thai Food and Union Bank.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 53 points to stand at 20,829, while the Selective Categories Index – CSCX rising 32 points to reach 12,506 at 11:00 am.
Of the issues traded till then 75 advanced, 67 declined, and 20 remained unchanged with Tk 170 million in turnover.
