Stocks posted marginal gains at the opening on Wednesday as some investors were seen putting fresh bets on shares riding on corporate declarations of some companies.
Following the previous two days’ flat ending, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up 13.96 points or 0.20 per cent to stand at 6,779, after the first hour of trading at 11:00 am.
Two other DSE indices also opened higher with the DS30 index, comprising blue chips, rising 3.0 points to reach 2,462 and the Shariah Index (DSES) gaining 1.07 points to stand at 1,457.
Turnover, another important indicator of the market, stood at Tk 2.23 billion within the first hour of trading.
Market analysts said stocks opened marginally higher as investors are buying shares riding on dividend declarations news of some companies.
Four companies, including three banks -- Mercantile Bank, BRAC Bank and Uttara Bank -- and Robi Axiata declared year-end dividends and earnings on Wednesday.
Of the issues traded till then, 175 advanced, 129 declined and 66 issues remained unchanged on the DSE trading floor.
Beximco was the most traded stock till the filing of this report with shares worth Tk 204 changing hands, closely followed by Aamra Technologies, BDCOM Online, Uttara Bank and Aamra Network.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—rising 86 stands at 19,911, while the Selective Categories Index – CSCX gained 51 points to reach 11,945 at 11:00 am.
Of the issues traded till then, 64 advanced, 61 declined and 24 remained unchanged with Tk 47 million in turnover.
