Stocks open higher after single-day break

Stocks opened higher on Wednesday, after a single-day break, as buoyant investors are putting fresh bets on lucrative shares in anticipation of short-term gain.

Investors are optimistic about the return of good governance in the market as the massive reforms underway in the financial sectors, including capital market.

Meanwhile, the United Kingdom has expressed interest in helping the capital market reform alongside banking and revenue sectors.

Following the news, the prime index of the Dhaka Stock Exchange (DSE), went up by 32 points or 0.57 per cent to 5,718 within the first hour of trading at 11:00 am, when the report was filed.

The blue-chip DS30 index, a group of 30 prominent companies, also gained 15 points to 2,102 and the DSES index, which represents Shariah-based companies, rose 7.5 points to 1,224 till then.

Turnover, another important indicator of the market, stood at Tk 1.88 billion till then.

Of the issues traded till then, 262 advanced, 67 declined, and 51 issues remained unchanged on the DSE trading floor till then.

JMI Hospital Requite was the most traded stock till then with shares worth Tk 146 million changing hands.

The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 38 points to stand at 16,307 while the Selective Categories Index – CSCX gained 24 points to reach 9,823 till then.

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