Stocks opened marginally higher on Monday as bargain hunters are showing their buying interest in the sector-wise issues at lucrative prices.
Following the previous day’s rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 9.35 points or 0.14 per cent to stand at 6,672, after the first the first hour of trading at 11:00am.
Two other indices also saw positive trend till then with the DS30 index, comprising blue chips, gaining 3.98 points to reach 2,462 and the Shariah Index (DSES) advanced 1.36 points to stand at 1,461.
Turnover, another important indicator of the market, stood at Tk 1.92 billion at 11:00am.
Market insiders said optimistic investors revealed their buying interest on major sector issues as many stocks became lucrative following the recent price erosion.
Of the issues traded till then, 195 advanced, 93 declined, and 69 issues remained unchanged on the DSE trading floor till then.
IPDC Finance was the most traded stock till then with shares worth Tk 359 million changing hands, closely followed by Sonali Papers, Nahee Aluminum, Beximco and Paramount Textile.
The Chittagong Stock Exchange, also opened marginally higher with its All Shares Price Index (CASPI)—gaining 42 to stand at 19,586, while the Selective Categories Index – CSCX rising 25 points to reach at 11,751 at 11:00am.
Of the issues traded till then 71 advanced, 50 declined, and 29 remained unchanged with Tk 103 million in turnover.
