Stocks open positive as small-cap soar

Stocks opened on a positive note on Monday as the investors put fresh bets on selective small-cap stocks in anticipation of short-term gains despite blockade enforced by the Bangladesh Nationalist Party and the Jamaat-e-Islami.

A section of investors remained chased for small-cap stocks and junk stocks as Far Chemicals, Olympic Accessories, RN Spinning, Deshbandhu Polymer topped the gainers list till then.

Following the previous day’s positive ending, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 6.50 points to 6,281 after the first two and half hours of trading at 12:30pm.

The DS30 Index, which consists of blue-chip companies, gained 0.99 points to 2,134 and the DSES index, which represents Shariah-based companies, saw a 1.96 points gain to 1,362 till then.

Turnover stood at Tk 3.49 billion till then.

Deshbandhu Polymer dominated the turnover list with shares worth Tk 313 million changing hands till then, followed by Fu-Wang Food, Khulna Printing and Union Insurance.

Of the issues traded till then, 75 advanced, 71 declined and 134 remained unchanged on the DSE trading floor.

The Chittagong Stock Exchange (CSE) also opened higher with the CSE All Share Price Index – CASPI – rising 30 points to 18,601 till then.

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