7 months ago

Bourses open positive amid volatility

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The stock market opened on positive trends Sunday amid volatility, although most of the shares declined, as investors focused on selective large-cap stocks.

Following the previous week’s rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up 8.05 points or 0.12 per cent to stand at 6,568, after the first two hours of trading at 11:30am.

Two other indices also saw positive trends till then. The DS30 index, comprising blue chips, rose 10.74 points to reach 2,387 and the DSE Shariah Index (DSES) gained 0.53 points to 1,441.

Turnover, another important indicator of the market, stood at Tk 7.58 billion after two hours of trading.

Market insiders witnessed some volatility as investors were active on both sides of the trading fence.

Most of the investors persisted in their buying binge on sector-wise big-cap stocks while cautious investors opted for booking some profit on quick-gaining stocks taking the advantage of the recent price surge, said a merchant banker.

Of the issues traded till then, 188 declined, 71 advanced, and 109 issues remained unchanged on the DSE trading floor.

Beximco, the flagship company of Beximco Group, became the most traded stock till then with shares worth Tk 1.28 billion changing hands.

The Chittagong Stock Exchange also saw positive trend till then with its All Shares Price Index (CASPI) rising 6.02 points to stand at 19,282 while the Selective Categories Index (CSCX) rose 4.30 points to reach 11,559 at 11:30am.

Of the issues traded till then 48 advanced, 94 declined and 52 remained unchanged with turnover of Tk 174 million.

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