On Sunday morning major stock indices were going through ups and downs
After a two day's correction stocks started the week with a moderate gain, though turnover did not increase in the premier bourse.
Following the previous volatile week's 0.82 percent fall, on Sunday morning major stock indices were going through ups and downs.
Floor traders told The Business Standard that bargain hunters, with their increasing appetite, started to come up with more buy orders at the second hour and the trend lasted until the closing bell.
More investors are now looking for stocks at a cheaper price as some posted corporate earnings are helping their heightened optimism as well as the indices, they added.
DSEX, the benchmark index at the Dhaka Stock Exchange (DSE) in the middle of the trading session had raised to 4,796 points, but a moderate adjustment pressure in the second half pushed the market to 4,782 at the end, which is 0.23 percent higher from Thursday's close.
But due to a lower participation by mass wider categories of investors trading volume at the DSE was 0.16 percent lower from the previous working day. DSE counted a total turnover of Tk 312 crore.
On the other hand, Chittagong Stock Exchange (CSE) had a boost in trading volume mainly because of block market trades.
On Sunday, the port city bourse had recorded a turnover over Tk51 crore, which was below Tk 19 crore on Thursday.
At the DSE, both Shariah-index DSES and blue-chip index DS30 increased over 0.40 percent because of higher demand for the constituent stocks.
Though at the CSE, selective indices witnessed less gain. Broad based index CSCX gained 0.26 percent to close at 8,840, while blue-chip index CS30 gained 0.04 percent and Shariah-index CSI gained 0.17 percent only.
At the CSE, gainer to loser ratio was almost balanced as 104 scrips gained and 115 lost price while 29 were unchanged.
At the capital city bourse losers were more dominant because against gain of 129 scrips, 180 lost and price of 43 were unchanged.
All the large cap sectors showed positive movement on Sunday except non-banking financial institutions. Tobacco, tannery, chemicals, textile and steel stocks had the highest gains, while pharmaceutical, plastics, packaging, ceramic, automobile, and hospitality sector stocks suffered the largest losses.