The majority of shares witnessed a positive trend on both bourses in early trading on Wednesday as optimistic investors took position on selective issues amid ongoing earnings and dividend declaration session.
Following the previous two days’ decline, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 28 points while the Selective Category Index of the port city bourse advanced 29 points at 10:45am.
However, the morning enthusiasm somewhat slowed down as the session progressed. After first hour of trading, the DSE advanced 13.33 points while the Selective Category Index of the port city bourse rose 17 points at 11:30am when the report was filed.
DSEX, prime index of DSE, went up by 13.33 points or 0.22 per cent to stand at 5,981 points at 11:30am.
However, two other indices saw a negative trend till then. Of them, DS30 Index, comprising blue chips, fell 0.28 points or 0.01 per cent to 2,173., and DSE Shariah Index (DSES) remained flat to stand at 1,322.
Turnover, an important indicator of the market, stood at Tk 1.48 billion after first hour of trading when the report was filed at 11:30am.
Of the issues traded till then, 183 advanced, 66 declined and 35 remained unchanged.
BBS Cables was the most traded stocks with shares worth Tk 170 million changing hands, closely followed by IFAD Autos Tk 116 million, LankaBangla Finance Tk 99 million, Brac Bank Tk 76 million and Aamra Networks Tk 55 million.
Port city bourse CSE also saw a positive trend with its Selective Category Index – CSCX –advancing 17 points to stand at 11,207 points, also at 11:30am.
Of the issues traded on the CSE floor, 75 gained, 27 declined and 17 remained unchanged with the turnover standing at Tk 59 million.