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Stocks opened on a positive note Wednesday as investors continued taking positions in the sector-specific shares supported by the gradual easing of interest rates in the money market.
Market insiders said the investors are chasing to take positions in the trendy large-cap stocks to capitalise on the market’s current upbeat vibe.
The investors’ participation in certain blue-chip stocks added strength to the ongoing market’s recovery.
However, a section of cautious investors opted for profit booking on quick gaining shares.
Following the previous day’s rise, the prime index of the Dhaka Stock Exchange (DSE), went up by nearly 4 points or 0.06 per cent to 5,271 at 12:00 noon, when the report was filed.
The DS30 index, a group of 30 prominent companies, also gained 5 points to 1,935 while the DSES index, which represents Shariah-based companies, also gained 0.97 points to 1,177 till then.
Turnover, another important indicator of the market, stood at Tk 1.92 billion.
Of the issues traded, 174 advanced, 146 declined, and 70 issues remained unchanged on the DSE trading floor till then.
Lovello-Ice Cream was the most traded stock with shares worth Tk 81 million changing hands.
The Chittagong Stock Exchange (CSE) also opened higher with its All Shares Price Index (CASPI)—gaining 8 points to 14,713 while the Selective Categories Index – CSCX rose more than 6 points to 8,929.