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Stocks opened higher on Wednesday, as opportunistic investors continued their buying interest on undervalued blue chips stocks.
The market maintained an upbeat momentum, fueled by sustained buying interest in selective large-cap scrips in expectation of post-Eid rally. Only three trading sessions are left before Eid holidays.
Following the previous day’s postive trend, the market opened on a firm footing and the prime index of the Dhaka Stock Exchange (DSE), went up by more than 26 points or 0.50 per cent to 5,217 at 11:00am, when the report was filed.
The DS30 index, a group of 30 prominent companies, also gained 10 points to 1,979 while the DSES index, which represents Shariah-based companies,rose 4 points to 1,064 till then.
Turnover, another important indicator, amounted to Tk 2.60 billion till then.
Of the issues traded till then, 258 advanced, 45 declined, and 70 issues remained unchanged on the DSE trading floor till then.NCC Bank was the most traded stock with shares worth Tk 242 million changing hands till then, followed by RD Food, provati Insurance, and Techno Drugs.
The Chittagong Stock Exchange also saw positive trend till then with its All Shares Price Index (CASPI)—gaining 8 points to 14,663 while the Selective Categories Index – CSCX rose more than 4 points to 9,032 till then.
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