Stocks opened higher on Wednesday as the optimistic investors were showing their buying interest on sector-wise issues after two-day correction.
Following the previous two days’ fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 28.65 points or 0.40 per cent to stand at 7,065, after the first hour of trading at 11:00 am.
Two other DSE indices also saw marginal gains till then. The DS30 index, comprising blue chips, advanced 7.82 points to reach 2,597 and the Shariah Index (DSES) gained 4.14 points to stand at 1,524.
Turnover, another important indicator of the market, stood at Tk 2.54 billion within the first hour of trading as against Tk 3.12 billion in the first hour trading of the previous day.
Market analysts said favourable macroeconomic indicators prompted some investors to take positions on sector-wise stocks.
Of the issues traded till then, 254 advanced, 42 declined, and 60 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 226 million changing hands, closely followed by Beximco, Saif Powertec, Orion Pharma and Anwar Galvanizing.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 68 points to stand at 20,670, while the Selective Categories Index – CSCX rose 40 points to reach 12,410 at 11:00 am.
Of the issues traded till then, 86 advanced, 40 declined, and 21 remained unchanged with Tk 39 million in turnover.
