Stocks opened marginally higher on Wednesday as bargain hunters were showing their buying interest on sector-wise issues ahead of the year-end.
Following the previous day’s rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 7.53 points or 0.11 per cent to stand at 6,750, after the first hour of trading at 11:00 am.
Market analysts said the market continued to rebound after the recent decision taken by the securities regulator for margin loans on category changes stocks.
Meanwhile, two other DSE indices also saw a positive trend till then. The DS30 index, comprising blue chips, gained 4.46 points to stand at 2,528 and the Shariah Index (DSES) rose 0.15 points to stand at 1,431 till then.
Turnover, another important indicator of the market, stood at Tk 1.85 billion within the first hour of trading at 11:00 am.
Of the issues traded till then, 186 declined, 103 advanced, and 75 issues remained unchanged on the DSE trading floor.
Bangladesh Shipping Corporation was the most traded stock till the filing of this report with shares worth Tk 231 million changing hands, closely followed by BSCCL, Beximco, Asia Insurance and ONE Bank.
The Chittagong Stock Exchange opened marginally higher with its All Shares Price Index (CASPI)—gaining 48 points to stand at 19,688, while the Selective Categories Index – CSCX rose 29 points to reach 11,830, also at 11:00 am.
Of the issues traded till then, 80 advanced, 42 declined, and 21 18 remained unchanged with Tk 49 million in turnover.