Stocks open marginally higher as investors cautious about putting fresh funds

| Updated: April 27, 2022 16:15:37

Stocks open marginally higher as investors cautious about putting fresh funds

The market opened marginally higher on Wednesday as investors remained cautious to put fresh funds in stocks ahead of Eid festival.

The market remained slow as only one trading day (Thursday) is left before Eid holidays.

Following the previous day’s modest rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 4.25 points or 0.06 to stand at 6,681, after the first hour of trading at 11:00am.

Two other indices, however, saw a negative trend till then with the DS30 index, comprising blue chips, losing 5.39 points to reach 2,468 and the Shariah Index (DSES) shed 1.16 points to stand at 1,455.

Turnover, another important indicator of the market, stood at Tk 2.04 billion within the first hour of trading.

Market operators said investors remained cautious as Eid festival is near while some showed their buying appetite on selective stocks based on latest quarterly earnings.

Of the issues traded till then, 189 advanced, 118 declined and 52 issues remained unchanged on the DSE trading floor till then.

JMI Hospital Requisite Manufacturing was the most traded stock till then with shares worth Tk 272 million changing hands, closely followed by Beximco, LafarhgeHolcim, BSC and Coppertech Industries.

The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)— gaining 68 points to stand at 19,647, while the Selective Categories Index – CSCX rose 41 points to reach at 11,789 at 11:00am.

Of the issues traded till then 47 advanced, 39 declined,   and 18 unchanged with Tk 40 million in turnover.

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