Stocks opened marginally higher on Wednesday as bargain hunters were showing their buying interest in the sector-wise issues at lucrative prices.
Following the previous day’s rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 33.71 points or 0.51 per cent to stand at 6,563, after the first 30 minutes of trading at 10:30 am.
Two other DSE indices also saw a positive trend till then with the DS30 index, comprising blue chips, gaining 11.10 points to reach 2,447 and the Shariah Index (DSES) advanced 6.31 points to stand at 1,449.
Turnover, another important indicator of the market, remained low and stood at Tk 657 million at 10:30 am.
Market insiders said optimistic investors revealed their buying interest in major sector issues as many stocks became lucrative following the recent price erosion.
Of the issues traded till then, 205 advanced, 56 declined, and 49 issues remained unchanged on the DSE trading floor.
JMI Hospital Requisite Manufacturing was the most traded stock till the filing of this report with shares worth Tk 165 million changing hands, closely followed by BSC, Beximco, Beacon Pharma and Lavello Ice Cream.
The Chittagong Stock Exchange, also opened marginally higher with its All Shares Price Index (CASPI)—gaining 55 to stand at 19,287, while the Selective Categories Index – CSCX rose 33 points to reach 11,572 at 10:30 am.
Of the issues traded till then, 41 advanced, 30 declined, and eight remained unchanged with Tk 34 million in turnover.