Stocks opened higher on Thursday as the buoyant investors were putting fresh bets on lucrative issues riding on the regulator moves to curb the free-fall of stocks.
Following the previous day’s sharp gain on regulatory steps, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up further by 68.15 points or 1.02 per cent to stand at 6,698, after the first hour of trading at 11:00 am.
Two other DSE indices also opened higher with the DS30 index, comprising blue chips, rising 26 points to reach 2,441 and the Shariah Index (DSES) gained 10.72 points to stand at 1,440.
Turnover, another important indicator of the market, stood at Tk 3.36 billion within the first hour of trading.
Market analysts said stocks opened sharply higher as the investors put fresh bets on the stocks at lucrative prices riding on the regulatory moves.
The Bangladesh Securities and Exchange Commission (BSEC) lowered the circuit breaker limit to 2.0 per cent from 10 per cent effective from Wednesday to stop the free-fall of stocks amid the ongoing war between Russia and Ukraine.
Of the issues traded till then, 239 advanced, 91 declined and 45 issues remained unchanged on the DSE trading floor.
BDCOM Online was the most traded stock till the filing of this report with shares worth Tk 256 changing hands, closely followed by Union Bank, Beximco, Bangladesh Shipping Corporation and Orion Pharma.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—rising 153 to stand at 19,553, while the Selective Categories Index – CSCX gained 92 points to reach 11,733 at 11:00 am.
Of the issues traded till then, 123 advanced, 40 declined and 12 remained unchanged with Tk 91 million in turnover.
