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Stocks opened higher on Tuesday, as bargain hunters continued buying lucrative shares after a recent price fall.
Following the previous day’s gain, the market opened on a positive note as anticipation of a probable market recovery built up surrounding the earnings declarations of the listed companies.
DSEX, the prime index of the Dhaka Stock Exchange, went up by nearly 9.2 points, or 0.19 per cent, to 4,974 after the two and half hours of trading at 12:46 pm, when the report was filed.
Market analysts said the lucrative price levels of fundamentally sound stocks also attracted bargain hunters, putting the market into the green zone.
However, the majority of investors remained cautious amid the prevailing volatility in the market, said a leading broker.
The DS30 index, which consists of blue-chip companies, loose 5.46 points to 1,8438.57, while the DSES index, which represents Shariah-based companies, loose 1.56 point to 1,097 till then.
Turnover, another important indicator of the market, stood at Tk 3.55 billion till the filing of this report
Of the issues traded, 149 saw appreciation, 199 witnessed price falls, while 48 remained unchanged.
Beach Hatchery was the most traded stock, with shares worth Tk 445.93 million changing hands till then.
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