Stocks opened marginally higher on Wednesday as investors are putting fresh bets on sector-wise issues amid cautious trading.
Following the previous day’s modest correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 14 points or 0.19 per cent to stand at 7,086, after the first hour of trading at 11:00am.
Two other induces saw fractional gains till then. The DS30 index, comprising blue chips, advanced 0.22 points to reach 2,610 and the Shariah Index (DSES) gained 0.56 points to stand at 1,511.
Turnover, another important indicator of the market, stood at Tk 2.71 billion within the first hour of trading as against Tk 4.28 billion in the first hour trading of the previous day.
Market analysts said the investors are showing their buying interest on selective stocks based on the latest quarterly earnings.
Of the issues traded till then, 239 advanced, 86 declined, and 46 issues remained unchanged on the DSE trading floor till then.
Bay Leasing & Investment was the most traded stock till then with shares worth Tk 150 million changing hands, closely followed by Bangladesh Shipping Corporation, Delta Life Insurance, Appollo Ispat and Orion Pharma.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 39 points to stand at 20,753, while the Selective Categories Index – CSCX rising 23 points to reach 12,467 at 11:00am.
Of the issues traded till then 84 advanced, 42 declined, and 24 remained unchanged with Tk 108 million in turnover.
