The stock market edged higher on Monday after choppy trading as investors were active on both sides of the trading fence.
The market moved between negative and positive several times during the trading hours before ending marginally higher.
DSEX, the prime index of the Dhaka Stock Exchange, went up by 12.90 points or 0.18 per cent to settle at 6,978. DSEX added 275 points in the past four consecutive sessions.
The DSE Shariah Index (DSES) also advanced 3.60 points to close at 1,464. However, the DSE 30 Index, comprising blue chips, shed 3.62 points to finish at 2,634.
Turnover, a crucial indicator of the market, stood at Tk 8.87 billion, which was Tk 8.94 billion in the previous day.
Market analysts said the investors active both sides of the trading fence as risk-averse opted for booking profit on quick gaining stocks while some investors continued their buying mode on sector-wise stocks.
Gainers took a strong lead over the losers, as out of 371 issues traded, 218 advanced, 118 declined and 35 remained unchanged on the DSE trading floor.
Beximco was the most traded stock with shares worth Tk 798 million changing hands, followed by Genex Infosys (Tk 316 million), First Security Islami Bank (Tk 299 million), Sena Kalyan Insurance (Tk 279 million) and ONE Bank (Tk 277 million).
However, the Chittagong Stock Exchange (CSE) edged lower with the CSE All Share Price Index – CASPI –losing 13.19 points to settle at 20,402 and the Selective Categories Index – CSCX, losing 10.71 points to close at 12,264.
Of the issues traded, 148 advanced, 93 declined and 29 remained unchanged on the CSE.
The port city’s bourse traded 11.83 million shares and mutual fund units with a turnover value of Tk 352 million.