Stocks opened marginally higher on Wednesday, as bargain hunters showed their buying interest in lucrative issues after three days' fall.
Following the previous day’s modest fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 28.68 points or 0.44 per cent to 6,517, after the first two hours of trading at 11:30 am.
Two other DSE indices saw positive trends till then. The DS30 index, comprising blue chips, gained 10.65 points to 2,327 and the DSE Shariah Index (DSES) rose 8.76 points to 1,422.
Turnover, another important indicator of the market, stood at Tk 5.90 billion at 11:30 am.
Market insiders said bargain hunters showed their buying interest on selective issues after the three days' fall.
Most of the traded issues, however, remained unchanged due to the ‘floor price’ restriction. Of the issues traded till then, 128 advanced, 46 declined and 180 others remained unchanged on the DSE trading floor.
Share prices of more than 150 companies remained stuck at their floor prices and a few companies dominated the market in the last few weeks, said a merchant banker.
Beximco was the most traded stock till the filing of this with shares worth Tk 610 million changing hands.
The Chittagong Stock Exchange also opened marginally higher with its All Shares Price Index (CASPI)—rising 46 points to stand at 19,210 while the Selective Categories Index – CSCX – gained 28 points to reach 11,514, also at 11:30 am.
Of the issues traded till then, 56 gained, 45 declined and 85 remained unchanged with Tk 72 million.