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Stocks opened on a flying note on Wednesday, with the key index of the major bourse crossing the 6,900-mark in early trading, as buoyant investors put fresh bets on major sector shares amid positive expectations.
Following the previous day’s upbeat note, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 67.48 points to stand at 6,936 points within the first 30 minutes of trading at 10:30 am – also the highest since its inception on January 27, 2013.
Two other indices also saw an upward trend with the DS30 index, comprising blue chips, rose 22.78 points to reach 2,476 while the Shariah Index (DSES) gained 10.69 points to stand at 1,500 points till then.
Turnover, another important indicator of the market, stood at Tk 3.90 billion within the first 30 minutes of trading at 10:30 am.
Market analysts said the bargain hunters are putting fresh bets on major sector stocks anticipating positive trend ahead as the Bangladesh Bank relaxed the banks special fund reports submission time.
The central bank has asked all the scheduled banks to submit information regarding investment from their special fund on a monthly basis instead of quarterly basis as was earlier.
Of the issues traded till then, 293 advanced, 4027 and 60 remained unchanged on the DSE trading floor till then.
LafargeHolcim was the most traded stock till then with shares worth Tk 235 million changing hands, closely followed by Beximco, BATBC, Makson Spinning and GPH Ispat.
The Chittagong Stock Exchange, also saw an upbeat note till then with its All Shares Price Index (CASPI)—gaining 126 points to stand at 20,124 while the Selective Categories Index – CSCX gaining 73 points to reach at 12,058, also at 10:30 am.
Of the issues traded till then 120 advanced,17 declined and 9 remained unchanged with Tk 85 million in turnover.
(FE)
