A slightly higher opening was experienced by the stocks on July 8 as investors showcased their appetite for sector-wise issues even with the increasing coronavirus infections and deaths in Bangladesh.
After the slight correction in the last 2 days, DSEX, the main index of the DSE, rose by 16.45 points or 0.26 per cent to reach 6,193 within the first 30 minutes of trading.
Experts of the market stated that the investors are hopeful about the market as the government has kept the undisclosed money investment opportunity in the capital market in the new fiscal year and regulatory decision to keep the market open during the lockdown.
The other 2 indices experienced an increase till then with the DS30 index, containing blue chips, gained 5.02 points to reach 2,236 and the Shariah Index (DSES) increased 7.15 points to stand at 1,334 points until then.
Another crucial indicator of the market, turnover, stood at Tk 2.58 within the first 30 minutes of trading.
Of the issues traded till then, 195 advanced, 122 declined and 44 remained unchanged on the DSE trading floor till then.
Beximco was the most traded stock till then with shares worth Tk 154 million changing hands, closely followed by LafargeHolcim, Active Fine Chemicals, Fu-Wang Ceramic, and Sonali Paper.
The Paper Processing and Packaging topped the gainers’ list, rising 10 per cent, followed by Bangladesh Industrial Finance Company, Tamijuddin Textile Mills, Information Services Network, and Sonali Life Insurance.
Alltex Industry shed the most, falling 7.80 per cent, followed by Desh Garments, FAR Chemical Industries, First Finance and Tallu Spinning Mills.
The port city bourse, the Chittagong Stock Exchange (CSE), also opened higher with CSE All Share Price Index- CASPI-gaining 34 points to stand at 17,916.
Of the issues traded till then 78 advanced, 60 declined and 21 remained unchanged with Tk 66 million in turnover.