Stocks rose marginally in early trading Tuesday as bargain hunters are showing their buying interest on sector-wise issues based on the largest earnings declarations.
Following the previous day’s flat ending, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 24.79 points or 0.35 per cent to stand at 7,022 points within the first hour of trading at 11:00am.
Two other indices also edged higher with the DS30 index, comprising blue chips, and rose 4.20 points to stand at 2,629 and the Shariah Index (DSES) advanced 7.89 points to stand at 1,482 points till then.
Turnover, another important indicator of the market, remained low and amounted to Tk 3.40 billion within the first hour of trading at 11:00am.
Market analysts said the bargain hunters showed buying interest on lucrative stocks while some investors rebalancing their portfolio based on latest corporate declarations.
Of the issues traded till then, 228 advanced, 90 declined and 41 issues remained unchanged on the DSE trading floor till then.
Textile sector dominated the turnover list with Alif Manufacturing was the most traded stock till then with shares worth Tk 287 million changing hands, closely followed by Makson Spinning, Beximco, Malek Spinning Mills and BATBC.
The Chittagong Stock Exchange also open on a positive trend with its All Shares Price Index (CASPI)—gaining 23 points to stand at 20,562 while the Selective Categories Index – CSCX advanced 12 points to reach at 12,352, also at 11:00am.
Of the issues traded till then 91 advanced, 25 declined and 11 remained unchanged with Tk 78 million in turnover.
