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Stocks opened marginally higher on Wednesday as optimistic investors are putting fresh bets on lucrative blue-chip shares in anticipation of quick gains.
After the first one and a half hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by more than 12 points or 0.23 per cent to 5,352 at 11:30am, when the report was filed.
The DSES index, which represents Shariah-based companies, rose 1.15 points to 1,178.
However, the blue-chip DS30 index, a group of 30 prominent companies, saw a fractional loss of 0.25 point from 1904 till then.
Market insiders said investors opted to take positions in beaten-down major stocks as they came down to a historic low after a sharp correction since the removal of the floor price in January this year.
Turnover, another important indicator of the market, stood at Tk 1.75 billion till then.
Of the issues traded till then, 215 advanced, 108 declined, and 66 issues remained unchanged on the DSE trading floor till then.
Central Pharma was the most traded stock till then with shares worth Tk 57 million changing hands.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 36 points to stand at 15,108 while the Selective Categories Index – CSCX gained 22 points to reach 9098, also at 11:30am.