Stocks opened higher on Tuesday as enthusiastic investors continued their buying binge in major sector shares amid high hopes.
Following the previous day’s upward trend, DSEX, the prime index of the DSE, went up by 28.30 points or 0.44 per cent to stand at 6,436, 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 6.03 points to finish at 2,281 and the DSE Shariah Index (DSES) gained 5.74 points to close at 1,399.
Turnover, another important indicator of the market, stood at Tk 8.26 billion after the first two hours of trading.
Market insiders said the investors’ confidence remained high although some investors engaged in profit booking on sector-wise issues, taking advantage of the recent price surge.
The floor price restriction contributed most to the recent price surge as many investors regained confidence in the market as it did not allow the index to fall below a certain level, said a leading broker.
Of the issues traded till then, 208 advanced, 86 declined and 83 issues remained unchanged on the DSE trading floor.
Orion pharma was the most traded stock till the filing of this report with shares worth Tk 515 million changing hands.
The Chittagong Stock Exchange also saw an upward trend till then with its All Shares Price Index (CASPI)—rising 66 points to stand at 18,895 while the Selective Categories Index – CSCX – rose 40 points to reach 11,325, also at 11:30 am.
Of the issues traded till then, 133 advanced, 66 declined and 54 remained unchanged with a turnover of Tk 177 million.