Stocks posted a marginal gain at opening on Thursday as most investors followed a cautious stance ahead of December-end earnings and dividend declarations.
Following the previous day’s modest gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 13.10 points or 0.18 per cent to stand at 7,094, after the first hour of trading at 11:00am.
The Shariah Index (DSES) also gained 6.40 points to stand at 1,519. However, the DS30 index, comprising blue chips, fell 2.08 points to reach 2,602 till then.
Turnover, another important indicator of the market, stood at Tk 3.11 billion within the first hour of trading as against Tk 2.71 billion in the first hour trading of the previous day.
Market analysts said many investors followed cautious stance while some investors are seeking opportunities in potential stocks ahead of the December-end declaration.
Of the issues traded till then, 194 advanced, 105 declined, and 65 issues remained unchanged on the DSE trading floor till then.
Bangladesh Shipping Corporation was the most traded stock till then with shares worth Tk 380 changing hands, closely followed by Orion Pharma, BATBC, Nahee Aluminum Composite Panel and Bay Leasing & Investment.
The Chittagong Stock Exchange also opened slightly higher with its All Shares Price Index (CASPI)—gaining 4.75 points to stand at 20,725, while the Selective Categories Index – CSCX rising 2.65 points to reach 12,441 at 11:00am.
Of the issues traded till then 58 advanced, 29 declined, and 24 remained unchanged with Tk 14 million in turnover.
