Stocks open higher with rising turnover as investor optimism persists

Stocks opened on a positive note on Wednesday, extending the previous session's gains as investors continued to take positions in fundamentally strong and attractive stocks amid expectations of further market improvement.

Market analysts said investor sentiment remained upbeat due to repeated political commitments to support the capital market, alongside hopes for favourable policy developments. Expectations of easing geopolitical tensions also encouraged investors to increase exposure to equities, particularly in sectors perceived to offer attractive valuations.

Following Tuesday's positive close, the benchmark DSEX index of the Dhaka Stock Exchange advanced more than 30 points, or 0.56 per cent, to 5,436 after the first hour of trading at 11:00 am.

The blue-chip DS30 Index gained 7 points to 2,057, while the DSES Index, which tracks Shariah-based companies, rose 8 points to 1,097 during the same period.
Market activity also strengthened significantly. Turnover, a key indicator of investor participation, climbed to Tk 4.13 billion within the first hour of trading, reflecting increased buying interest across the board.

Of the traded issues, 255 advanced, 65 declined and 65 remained unchanged, indicating a broad-based positive trend in the market.

General Infosys emerged as the most actively traded stock, with shares worth Tk 162 million changing hands by 11:00 am.

The port city's bourse also maintained an upward trajectory. The CASPI, the benchmark index of the Chittagong Stock Exchange, rose 38 points to 15,119, while the CSCX Index gained 23 points to reach 9,300.

Market participants said sustained institutional participation and improving investor confidence would be crucial for maintaining the ongoing momentum in the coming sessions.  

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