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Stocks opened marginally higher on Sunday as bargain hunters showed their buying interest in lucrative issues.
Following the previous day’s flat session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 14.49 points or 0.23 per cent to 6,406, after the first hour of trading at 10:30 am.
Two other DSE indices also saw a positive trend till then. The DS30 index, comprising blue chips, gained 9.13 points to 2,286 and the DSE Shariah Index (DSES) rose 3.26 points to 1,410.
Turnover, another important indicator of the market, stood at Tk 2.56 billion after the first hour of trading.
Market insiders said the market witnessed a low turnover as some investors followed a cautious stance ahead of corporate declarations while others took the opportunity of buying stocks at lucrative prices.
Share prices of more than 180 companies remained stuck at their floor prices and a few companies have dominated the market for the last few weeks, said a merchant banker.
Of the issues traded till then, 54 advanced, 74 declined and 169 issues remained unchanged on the DSE trading floor.
Beximco was the most traded stock till the filing of this report with shares worth Tk 282 million changing hands.
The Chittagong Stock Exchange also opened marginally higher with its All Shares Price Index (CASPI) —rising 32 points to stand at 18,832 while the Selective Categories Index – CSCX – gained 19 points to reach 11,287, also at 10:30 am.
Of the issues traded till then, 27 gained, 26 declined and 47 remained unchanged with Tk 38 million.