Stocks opened marginally higher on Thursday as optimistic investors continued to put fresh bets on sector specific issues based on the latest quarterly earning declarations.
Following the previous two days’ gaining streak, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 9.30 points or 0.13 per cent to stand at 7,026, after the first hour of trading at 11:00am.
Two other indices also saw positive trends till then. Of them, DS30 index, comprising blue chips, saw a fractional rise of 0.77 point to reach 2,593 and Shariah Index (DSES) gained 1.58 points to stand at 1,505.
Turnover, another important indicator of the market, stood at Tk 3.17 billion within the first hour of trading as against Tk 3.35 billion in the first hour of trading of the previous day.
Market insiders said buoyant investors, beating the Covid-19 worries, continued to pour their funds in sector-wise stocks.
Investors hope that the economic activities of the country will continue as usual riding on favourable macroeconomic indicators, according to a merchant banker.
They remained upbeat as some listed companies posted higher-than-expected quarterly earnings results, he said.
Of the issues traded till then, 185 advanced, 103 declined, and 77 issues remained unchanged on the DSE trading floor till then.
Nahee Aluminum Composite Panel was the most traded stock till then with shares worth Tk 160 million changing hands, closely followed by Bangladesh Building Systems, RAK Ceramic, Asia Insurance and BATBC.
Chittagong Stock Exchange also opened slightly higher with its All Shares Price Index (CASPI) gaining 22 points to stand at 20,588, and the Selective Categories Index (CSCX rising 12 points to reach 12,366 at 11:00am.
Of the issues traded till then 72 advanced, 55 declined, and 22 remained unchanged with Tk 58 million in turnover.
