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Stocks opened marginally higher on Monday as bargain hunters were showing their buying interest on sector-wise issues based on the largest corporate declarations.
Following the previous day’s sharp decline, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 8.45 points or 0.12 per cent to stand at 7,009 points within the first hour of trading at 11:00 am.
Market insiders said investors are active on both sides of the trading fence while some rebalancing their portfolios based on the latest quarterly earnings declarations.
The Shariah Index (DSES) also saw a fractional rise of 0.26 points to stand at 1,470 points till then. However, the DS30 index, comprising blue chips, fell 1.03 points to stand at 2,619 at that time.
Turnover, another important indicator of the market, remained low and amounted to Tk 3.40 billion within the first hour of trading at 11:00 am.
Of the issues traded till then, 169 advanced, 136 declined and 63 issues remained unchanged on the DSE trading floor.
Beximco was the most traded stock till the filing of this report with shares worth Tk 555 million changing hands, closely followed by Orion Pharma, Delta Life, Saif Powertec and Malek Spinning Mills.
The Chittagong Stock Exchange also opened slightly higher with its All Shares Price Index (CASPI)—gaining 14 points to stand at 20,494 while the Selective Categories Index – CSCX advanced 8.0 points to reach 12,313, also at 11:00 am.
Of the issues traded till then, 73 advanced, 61 declined and 19 remained unchanged with Tk 109 million in turnover.