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Bourses open week on upbeat note

| Updated: May 11, 2022 09:59:10

Bourses open week on upbeat note

The markets opened higher on Sunday, the opening day of the week, as the bargain hunters showed their buying interest in sector-wise stocks based on the latest corporate declarations.

The participation of investors also increased on the trading floor as most investors returned to Dhaka after celebrating Eid in their village homes.

Following the previous day’s modest correction, the market opened higher and DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up 19.56 points or 0.29 per cent to stand at 6,662, after the first hour of trading at 11:00 am.

The Shariah Index (DSES) also gained 4.48 points to stand at 1,448 till then. However, the DS30 index, comprising blue chips, saw a fractional loss of 0.94 points to reach 2,452.

Turnover, another important indicator of the market, stood at Tk 2.85 billion within the first hour of trading.

Market operators said the optimistic investors showed their buying spree on sector-specific issues that meet their expectations in the latest quarterly earnings and year-end dividend declarations.

Some investors are also rebalancing their portfolios based on the latest corporate declarations, they said.

Of the issues traded till then, 218 advanced, 91 declined and 54 issues remained unchanged on the DSE trading floor.

JMI Hospital Requisite Manufacturing was the most traded stock till then with shares worth Tk 216 million changing hands, closely followed by GPH Ispat, IFAD Autos, Shinepukur Ceramics and IPDC Finance.

The Chittagong Stock Exchange also saw an upward trend till then with its All Shares Price Index (CASPI)—gaining 92 points to stand at 19,582, while the Selective Categories Index – CSCX rose 54 points to reach 11,748 at 11:00 am.

Of the issues traded till then 91 advanced, 41 declined, and 19 remained unchanged with Tk 57 in turnover.

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