Sunday, 3rd December, 2023
Sunday, 3rd December, 2023
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Stocks make marginal gains at opening

Stocks posted a marginal gain in early trading on Sunday as investors remained cautious amid the ongoing earnings and dividend declarations session.

Following the previous week’s downturn, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trends in early trading.

Within the first hour of trading, the DSE key index rose more than 6.0 points while the CSE All Share Price Index – CASPI – gained 33 points when the report was filed at 11:00am.

DSEX, the prime index of the DSE, went up by 6.82 points, or 0.14 per cent, to reach 4,852 points at 11:00am.

DSES, the Shariah index, also rose 0.92 points to reach 1,099 points till then. However, DS30, comprising blue chips, fell 3.65 points to reach at 1,676.

Market analysts said investors have taken the position based on year-end dividend and quarter-end earnings declarations while many investors reshuffled their portfolios.

Turnover, an important indicator of the market, stood at Tk 2.19 billion, as the report was filed at 11:00am.

Of the issues traded till then, 160 advanced, 93 declined and 81 remained unchanged.

The mutual fund sector dominated the turnover chart till then with Grameen Mutual Fund-2 being the most traded stocks till then with shares worth Tk 115 million changing hands, closely followed by AB Bank First Mutual Fund, Express Insurance, National Feed Mills and Peoples Insurance.

CSE, the port city bourse, also saw a positive trend till then with CSE All Share Price Index – CASPI -gaining 33 points to stand at 13,857, also at 11:00am.

The Selective Categories Index – CSCX – also gained 17 points to reach 8,337 till then.

Of the issues traded till then, 68 gained, 19 declined, and 29 issues remained unchanged with Tk 38 million in turnover.

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