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Stocks opened on a positive note on Wednesday as bargain hunters chose to take positions in the beaten-down shares in anticipation of short-term gain.
The bargain hunters are seeking the opportunity to collect selective stocks at attractive price levels while the risk-averse investors remain watching the market movement.
Following the previous day’s modest rise, the prime index of the Dhaka Stock Exchange (DSE), went up by 12 points or 0.22 per cent to 5,237 at 11:00 am, when the report was filed.
The DS30 index, a group of 30 prominent companies, gained 6 points to 1,927 while DSES index, which represents Shariah-based companies, rose 2 points to 1,176.
Turnover, another important indicator of the market, stood at Tk 1.58 billion till then.
Of the issues traded till then, 223 advanced, 96 declined, and 62 issues remained unchanged on the DSE trading floor till then.
eGeneration, an IT company, was the most traded stock till then with shares worth Tk 71 million changing hands.
The Chittagong Stock Exchange saw a positive trend till then with its All Shares Price Index (CASPI)—gaining 2 points to stand at 14,604 while the Selective Categories Index – CSCX rose 4 points to 8,885 till then.