Stocks open positive after single-day break

Stocks opened positively on Wednesday after a single-day break, as opportunistic investors showed renewed buying interest, reversing prior caution over earnings-driven momentum.

The investors showed resilience amid ongoing domestic factors and emerging geopolitical dynamics, market analysts said.

Following the previous day’s downturn, the prime index of the Dhaka Stock Exchange (DSE), went up by more than 12 points or 0.23 per cent to 5,279 at 11:00am, when the report was filed.

The DS30 index, a group of 30 prominent companies, also saw a fractional gain of 0.64 point to 2,018 while the DSES index, which represents Shariah-based companies, rose 5 points to 1,065 till then.

Turnover, another important indicator of the market, remained low and amounted to Tk 2.20 billion till then.

Of the issues traded till then, 191 advanced, 102 declined, and 88 issues remained unchanged on the DSE trading floor till then.

Monno Ceramics was the most traded stock with shares worth Tk 200 million changing hands till then, followed by Dominage Steels, Malek Spinning, and Techno Drugs.

The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 7 points to 14,823, while the Selective Categories Index – CSCX rose more than 8 points to 9,118 till then.

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