Stock open week on positive note

Stocks opened on a positive note on Sunday as opportunistic investors continued taking positions in the sector-specific shares in anticipation of quick gains.

The easing of adversities on the macroeconomic front, along with the central bank’s decision to keep policy rates unchanged at 10 per cent in the second half of the current fiscal year, boosted investors confidence to some extent.

Analysts believe the Bangladesh Bank’s (BB) decision to keep its policy rate unchanged amid falling inflation and treasury yields is a positive signal for the equity market outlook.

Following the previous day’s rise, the prime index of the Dhaka Stock Exchange (DSE), went up by 11 points or 0.22 per cent to 5,213 at 11:00 am, when the report was filed.

The DS30 index, a group of 30 prominent companies, also gained 5 points to 1,924 while the DSES index, which represents Shariah-based companies, rose 2 points to 1,158.

Turnover, another important indicator of the market, stood at Tk 1.25 billion till then.

Of the issues traded till then, 198 advanced, 89 declined, and 85 issues remained unchanged on the DSE trading floor.

Robi Axiata was the most traded stock with shares worth Tk 105 million changing hands.

The Chittagong Stock Exchange (CSE) also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 20 points to 14,549 while the Selective Categories Index – CSCX rose almost 13 points to 8,815.

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