Stocks opened higher on Wednesday, with the key index of the prime bourse crossing the 7,300 points-mark, thanks to the increased participation of investors.
Following the previous two days’ gaining streak, DSEX, the key index of Dhaka Stock Exchange (DSE), rose 29.35 points or 0.40 per cent to stand at 7,326 points within the first 30 minutes of trading at 10:30am.
Two other DSE indices also saw positive trends till then. The DS30 index, comprising blue chips, advanced 8.12 points to stand at 2,699 and the Shariah Index (DSES) gained 6.29 points to stand at 1,591 points till then.
Turnover, another important indicator of the market, stood at Tk 3.68 billion within the first 30 minutes of trading at 10:30 am.
Market analysts said the optimistic investors continued to show their buying interest in June-closing stocks ahead of earnings and dividend declarations.
Large-cap stocks such as ICB, Robi, Delta Life Insurance, Beximco Pharma, Acme Laboratories and BATBC led the gain of index till then.
Of the issues traded till then, 248 advanced, 63 declined and 48 issues remained unchanged on the DSE trading floor.
LafargeHolcim was the most traded stock till the filing of this report with shares worth Tk 700 million changing hands, closely followed by Orion Pharma, Dragon Sweater, Makson Spinning Mills and LankaBangla Finance.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 39 points to stand at 21,374 while the Selective Categories Index – CSCX advanced 24 points to reach 12,830, also at 10:30 am.
Of the issues traded till then 78 advanced, 36 declined and 17 remained unchanged with Tk 113 million in turnover.