Stocks opened marginally higher on Sunday, riding on the price appreciation in some selective stocks.
Following the previous week’s gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 5.64 points or 0.08 per cent to 6,26, after the first hour of trading at 10:30 am.
Two other DSE indices saw a positive trend till then. The DS30 index, comprising blue chips, gained 5.68 points to 2,258 and the DSE Shariah Index (DSES) rose 3.0 points to 1,404.
Turnover, another important indicator of the market, stood at Tk 4.64 billion after the first hour of trading at 10:30 am.
Market operators said the buoyant investors put fresh bets on sector-wise issues after resolving the cheque encashment issue while some were busy rebalancing their portfolios after the quarterly declaration.
The investors showed their interest in some sector-specific issues which were being traded at a lucrative price level, said a stockbroker.
Most of the traded issues remained unchanged due to the ‘floor price’ restriction. Of the issues traded, 70 advanced, 78 declined and 172 issues remained unchanged on the DSE floor.
Genex Infosys was the most traded stock till the filing of this report with shares worth Tk 488 million changing hands following the news that the company signed a business deal with the National Board of Revenue.
The Chittagong Stock Exchange also opened marginally higher with its All Shares Price Index (CASPI)—rising 29 points to stand at 18,975 while the Selective Categories Index – CSCX – gained 17 points to reach 11,372, also at 10:30 am.
Of the issues traded till then, 31 gained, 33 declined and 49 remained unchanged with Tk 55 million.