Stocks opened higher on Wednesday after four-day slump, as bargain hunters showed their buying interest on lucrative issues.
Following the previous four days’ fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 41.92 points or 0.65 cent to 6,442, after the first hour of trading at 10:30am.
Two other indices saw positive trends till then. The DS30 index, comprising blue chips, gained 12.30 points to 2,289 and the DSE Shariah Index (DSES) rose 10 points to 1,416.
Turnover, another important indicator of the market, stood at Tk 3.38 billion after the first hour of trading.
Market insiders market witnessed a slow turnover as some investors followed cautious ahead of corporate declarations while the others took the opportunity of buying stocks at lucrative prices.
Share prices of more than 170 companies remained stuck at their floor prices and a few companies dominated the market for the last few weeks, said a merchant banker.
Of the issues traded till then, 121 advanced, 22 declined and 173 issues remained unchanged on the DSE trading floor till then.
JMI Syringes & Medical Devices became the most traded stock till then with shares worth Tk 179 million changing hands.
The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—rising 110 points to stand at 18,964 while the Selective Categories Index – CSCX gained 67 points to reach 11,368, also at 10:30am.
Of the issues traded till then 51 gained, 9 declined and 42 remained unchanged with Tk 32 million.
