The market opened sharply higher on Tuesday like the previous day as investors continued putting fresh bets on major sector stocks amid high expectations.
Following the previous day’s big gain, the market opened higher this morning as DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 48.30 points or 0.82 per cent to reach 5,891 within the first 30 minutes of trading when the report was filed at 10:30 am.
Two other DSE indices saw an upward trend till then with the DS30 index, comprising blue chips, gained 11.30 points to reach 2,184 and the Shariah Index (DSES) rose 6.32 points to stand 1,276 points.
Turnover, another important indicator of the market, stood at Tk 3.90 billion within the first 30 minutes of trading at 10:30 am.
Market operators said lower returns from the money market, easing virus worries coupled with positive expectations from the upcoming budget, boosted the investors’ confidence in the market.
The high-net-worth investors have been injecting fresh funds into the market for the past few weeks targeting capital gains as returns from the money market have declined significantly, said a leading merchant banker.
Of the issues traded till then, 205 advanced, 69 declined and 62 remained unchanged on the DSE trading floor till then.
Beximco was the most traded stock till filing of this report with shares worth Tk 315 million changing hands, closely followed by Northern General Insurance, Pioneer Insurance, Kattali Textile and BSCCL.
The port city bourse – the Chittagong Stock Exchange – (CSE) also opened sharply higher with CSE All Share Price Index- CASPI-gaining 98 points to stand at 17,034, also at 10:30 am.
Of the issues traded till then 79 advanced, 29 declined and 25 remained unchanged with Tk 86 million in turnover.
