The market witnessed volatility at the opening on Monday after hitting the core index of the major bourse 40 months high in the previous day.
The investors mostly followed cautious approaches and some booked profit on quick gaining stocks as the prime index of the Dhaka bourse crossed the ‘psychological’ threshold of 6,000-mark.
Within the first 30 minutes of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 46.56 points or 0.10 per cent to reach 6,015, when the report was filed at 10:30 am.
The DS30 index, comprising blue chips, also advanced 0.30 points to reach 2,208. However, the Shariah Index (DSES) lost 0.65 points to stand at 1,285 points till then.
Turnover, another important indicator of the market, stood at Tk 3.02 billion within the first 30 minutes of trading at 10:30 am.
Market operators said lower returns from the money market, easing virus worries coupled with positive expectations from the upcoming budget, boosted the investors’ confidence in the market.
Of the issues traded till then, 144 advanced, 129 declined and 56 remained unchanged on the DSE trading floor till then.
Confidence was the most traded stock till then with shares worth Tk 330 million changing hands, closely followed by Dutch-Bangla Bank, Beximco, IFAD Autos, and LafargeHolcim.
The port city bourse – the Chittagong Stock Exchange (CSE)—also opened marginally higher with CSE All Share Price Index- CASPI-gaining 72 points to stand at 17,451, also at 10:30 am.
Of the issues traded till then 73 advanced, 54 declined and 13 remained unchanged with Tk 56 million in turnover.
