Stocks opened marginally higher on Sunday amid volatile trading as the investors put fresh funds on stocks cautiously amid ongoing quarterly earnings declarations.
Following the previous week’s downward trend, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 4.52 points or 0.06 per cent to stand at 7,032, after the first hour of trading at 11:00am.
The DS30 index, comprising blue chips, also advanced 2.14 points to reach 2,604. However, the Shariah Index (DSES) shed 1.66 points to stand at 1,498.
Turnover, another important indicator of the market, stood at Tk 4.16 billion within the first hour of trading at 11:00am.
Market analysts said the market witnessed volatility as many investors traded cautiously amid ongoing earnings declarations while some rebalanced their portfolios.
Of the issues traded till then, 156 advanced, 154 declined and 51 issues remained unchanged on the DSE trading floor till then.
Bangladesh Shipping Corporation was the most traded stock till then with shares worth Tk 536 million changing hands, closely followed by Beximco, Power Grid, Bangladesh Building System and Orion Pharma,
The Chittagong Stock Exchange also opened marginally higher with its All Shares Price Index (CASPI)—gaining 43 points to stand at 20,629, while the Selective Categories Index – CSCX rising 18 points to reach at 12,385, also at 11:00am.
Of the issues traded till then 63 advanced, 59 declined, and 24 remained unchanged with Tk 87 million in turnover.
