The stock market opened marginally higher on Sunday as some investors kept their buying interest in sector-wise issues.
Following the previous day’s rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 7.78 points or 0.12 per cent to stand at 6,433 after the first hour of trading at 11:00 am.
The DS30 index, comprising blue chips, also gained 3.13 points to reach 2,331. However, the Shariah Index (DSES) saw a fractional loss of 0.66 points to stand at 1,402 till then.
Turnover, another important indicator of the market, stood at Tk 2.38 billion after the first hour of trading at 11:00 am.
Market insiders said the finance minister’s latest remark that the stock market would make a turnaround when the new budget implementation begins, encouraged investors to put fresh bets.
Of the issues traded till then, 158 advanced, 137 declined and 75 issues remained unchanged on the DSE trading floor.
Beximco was the most traded stock till the filing of this report with shares worth Tk 270 million changing hands, closely followed by Shinepukur Ceramics, Saif Powertec, RAK Ceramics and Fu-Wang Food.
However, the Chittagong Stock Exchange saw a negative trend till then with its All Shares Price Index (CASPI)—losing 0.05 points to stand at 18,888 the Selective Categories Index – CSCX shed 6.0 points to reach 11,324 at 11:00 am.
Of the issues traded till then 65 declined, 57 advanced and 26 remained unchanged with Tk 44 million in turnover.