a year ago

Stocks open week on slow trend

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Stocks witnessed a slow trend on Sunday, the opening day of the week, as investors were active on both sides of the trading fence amid the ongoing quarterly earnings disclosures.

Following the previous week’s upturn, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 3.94 points or 0.05 per cent to 6,999 within the first hour of trading, when the report was filed at 11:00am.

The DS30 index, comprising blue chips, also gained 2,672 points to stand at 2,683. However, the Shariah Index (DSES) saw a fractional loss of 0.68 point to stand at 1,476 points till then.

Turnover, another important indicator of the market, stood at Tk 3.06 billion within the first hour of trading at 11:00am.

Market insiders said the bargain hunters are showing their buying interest on sector specific stocks while the cautious investors booked profit on sector-wise stocks, making the market volatile.

Of the issues traded till then, 155 declined, 133 advanced and 57 issues remained unchanged on the DSE trading floor till then.

Beximco was the most traded stock till then with shares worth Tk 626 million changing hands, closely followed by BRAC Bank, IFIC Bank, Orion Pharma and Shahjibazar Power.

The Chittagong Stock Exchange also saw a volatile trading at the opening with its All Shares Price Index (CASPI)—gaining 8.0 points to stand at 20,505 while the Selective Categories Index – CSCX rose 5.0 points to reach at 12,322, also at 11:00am.

Of the issues traded till then, 58 declined, 50 advanced and 16 remained unchanged with Tk 74 million in turnover.

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