Stocks opened higher on Monday as enthusiastic investors put fresh funds in major sector shares amid high hopes.
Following the previous day’s upward trend, DSEX, the prime index of the DSE, went up by 22.08 points or 0.34 per cent to stand at 6,423, after the first two hours of trading at 11:30 am.
Two other DSE indices also saw positive trends till then. The DS30 index, comprising blue chips, advanced 5.32 points to finish at 2,276 and the DSE Shariah Index (DSES) gained 4.26 points to close at 1,394.
Turnover, another important indicator of the market, stood at Tk 8.75 billion after the first two hours of trading.
Market insiders said investors’ confidence remained high amid stability in the foreign exchange market due to the central bank’s steps.
The general investors increased their participation, hoping that the market will not fall further due to regulatory assurance to keep the ‘floor price’ in place until further order, said a merchant banker.
Of the issues traded till then, 181 advanced, 115 declined and 83 issues remained unchanged on the DSE trading floor.
Bangladesh Shipping Corporation was the most traded stock till the filing of this report with shares worth Tk 482 changing hands.
The Chittagong Stock Exchange also saw an upward trend till then with its All Shares Price Index (CASPI)—rising 70 points to stand at 18,893 while the Selective Categories Index – CSCX – rose 41 points to reach 11,323, also at 11:30 am.
Of the issues traded till then, 130 advanced, 74 declined and 47 remained unchanged with a turnover of Tk 188 million.