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Bourses post modest gains at opening

| Updated: July 01, 2022 09:09:45


Bourses post modest gains at opening

Stocks posted marginal gains in the early trading on Tuesday as some investors went bargain hunting on lucrative issues.

Following the previous day’s modest gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 18.05 points or 0.28 per cent to stand at 6,338, after the first hour of trading at 11:00 am.

Two other DSE indices also saw marginal gain till then with the DS30 index, comprising blue chips, gaining 6.2 points to reach 2,291 and the Shariah Index (DSES) advanced 3.25 points to 1,384.

Turnover, another important indicator of the market, stood at Tk 1.74 billion at 11:00 am.

Market analysts said the bargain hunters put their money cautiously on selective stocks as they found some issues at lucrative prices.

However, many investors remained shaky amid the rising cost of living due to soaring inflation and increasing virus cases in recent weeks, they said.

Of the issues traded till then, 228 advanced, 85 declined, and 62 issues remained unchanged on the DSE trading floor.

Shinepukur Ceramics was the most traded stock till the filing of this report with shares worth Tk 166 million changing hands, followed by Fu-Wang Food, Monno Fabrics, Fortune Shoes and Yeakin Polymer.

The Chittagong Stock Exchange also opened marginally higher with its All Shares Price Index (CASPI)—gaining 3.50 points to stand at 18,620 while the Selective Categories Index – CSCX – rose 2.36 points to reach 11,161, also at 11:00 am.

Of the issues traded till then, 84 advanced, 66 declined and 29 remained unchanged with Tk 39 million.

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