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The market opened marginally higher on Tuesday as investors were active on both sides of the trading fence.
Following the previous two days’ gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 3.27 points or 0.04 per cent to stand at 6,701, after the first hour of trading at 11:00 am.
However, two other DSE indices saw a negative trend till then with the DS30 index, comprising blue chips, losing 0.83 points to reach 2,448 and the Shariah Index (DSES) shed 0.08 points to stand at 1,454.
Turnover, another important indicator of the market, remained high and amounted to Tk 3.93 billion within the first hour of trading.
Market operators said bargain hunters favoured taking a position in selective stocks while cautious investors opted for booking profit on quick-gaining issues.
Of the issues traded till then, 170 advanced, 134 declined, and 69 issues remained unchanged on the DSE trading floor.
Shinepukur Ceramics was the most traded stock till the filing of this report with shares worth Tk 173 million changing hands, closely followed by Eastern Housing, JMI Hospital Requisite Manufacturing, ACI and ACI Formulations.
The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 28 points to stand at 19,667 while the Selective Categories Index – CSCX – advanced 16 points to reach 11,800 at 11:00 am.
Of the issues traded till then, 97 advanced, 69 declined, and 28 unchanged with Tk 117 million in turnover.