Stocks opened marginally higher on Wednesday as bargain hunters are showing their buying interest in the sector-wise issues.
Following the previous day’s modest rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 19.45 points or 0.28 per cent to stand at 6,776, after the first hour of trading at 11:00am.
Market analysts said the bargain hunters are showing buying interest on sector-specific large-cap stocks which saw the significant price fall in the past few days.
Two other indices also saw positive trends till then. The DS30 index, comprising blue chips, gained 5.28 points to stand at 2,543 and the Shariah Index (DSES) rose 3.98 points to stand at 1,440 till then.
Turnover, another important indicator of the market, stood at Tk 2.04 billion within the first hour of trading at 11:00am.
Of the issues traded till then, 208 advanced, 75 declined, and 78 issues remained unchanged on the DSE trading floor till then.
Sonali Paper & Board Mills was the most traded stock till then with shares worth Tk 241 million changing hands, closely followed by Beximco, Genex Infosys, ONE Bank and Eastern Lubricants.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—rising 25 points to stand at 19,706 while the Selective Categories Index – CSCX gained 15 points to reach 11,851, also at 11:00am.
Of the issues traded till then 76 advanced, 41 declined, and 28 remained unchanged with Tk 41 million in turnover.