The market opened higher on Wednesday as the investors are expecting a positive outcome from the upcoming coordination meeting to be held today.
Following the previous two days’ modest rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 10.02 points or 0.14 per cent to stand at 6,775, after 45 minutes of trading at 10:45 am.
Market insiders said the investors expect a positive outcome from the coordination meeting, as the securities regulator intends to boost market liquidity through collaboration with market intermediaries, said a stockbroker.
As part of its measures to prop up the capital market, the Bangladesh Securities and Exchange Commission (BSEC) will hold a meeting with the market intermediaries today.
Meanwhile, two other DSE indices also saw a positive trend till then with the DS30 index, comprising blue chips, gaining 2.62 points to reach 2,473 and the Shariah Index (DSES) rose 1.88 points to stand at 1,466.
Turnover, another important indicator of the market, stood at Tk1.28 billion at 10:45 am.
Of the issues traded till then, 179 advanced, 113 declined, and 63 issues remained unchanged on the DSE trading floor.
Low-cap companies dominated the turnover chart where Genex Infosys was the most traded stock till the filing of this report with shares worth Tk 92 million changing hands, closely followed by BDCOM Online, Nahee Aluminum, Advent Pharma and Aamra Technologies.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 14 to stand at 19,818, while the Selective Categories Index – CSCX rose 9.0 points to reach 11,888 at 10:45 am.
Of the issues traded till then, 37 advanced, 53 declined, and 27 remained unchanged with Tk 44 million in turnover.