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Stocks opened on a positive trend on Thursday amid choppy trading as the investors followed a cautious approach amid rising virus cases.
Following the previous day’s flat ending, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 6.38 points or 0.10 per cent to stand at 7,038, after the first hour of trading at 11:00am.
The Shariah Index (DSES) also advanced 0.45 points to stand at 1,504. However, the DS30 index, comprising blue chips, shed 1.28 points to reach 2,610.
Turnover, another important indicator of the market, stood at Tk 2.86 billion within the first hour of trading at 11:00am.
Market analysts said the market witnessed volatility as many investors traded cautiously amidst the rising trend of Covid-19 cases in the country.
Most of the investors are also waiting for upcoming quarterly earnings decoration before taking position in stocks, they said.
Of the issues traded till then, 169 advanced, 114 declined and 85 issues remained unchanged on the DSE trading floor till then.
Queen South Textile Mills was the most traded stock till then with shares worth Tk 460 million changing hands, closely followed by Beximco, Malek Spinning, Bangladesh Shipping Corporation and National Life Insurance.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 31 points to stand at 20,628, while the Selective Categories Index – CSCX rising 19 points to reach at 12,391, also at 11:00am.
Of the issues traded till then 60 advanced, 45 declined, and 30 remained unchanged with Tk 58 million in turnover.