To offer ease, convenience and breathing space to stockbrokers and investors, the Dhaka Stock Exchange (DSE) successfully introduced its pre-opening and post-closing sessions on Thursday.
The premier bourse's officials said over the 15 minutes of pre-opening session, there had been a satisfactory number of pre-orders from both the buyers and sellers.
According to the DSE server data, 77 securities got buyers and sellers at the same price point before the opening which yielded 272 separate trades, engaging a total of more than 7 lakh shares or mutual fund units within the first second of opening at 10am.
Meanwhile, the post-closing session lasting from 2.30pm to 2.40pm recorded the trading of securities worth Tk2.35 crore.
Investors can buy and sell securities at the day's closing price during the 10 minutes of the post-closing session.
On the other hand, the pre-opening session helps the market offer an updated opening price instead of carrying forward the previous day's closing price for the opening reference price.
Both bourses calculate the closing price based on the average price of trades executed over the last 30 minutes of the session. If there is no trade of specific scrips over half an hour, the bourses take the average price of some latest trades for calculating the closing price.
Chittagong Stock Exchange (CSE), the port city bourse of the country, has been running both the pre-opening and post-closing sessions for the last two decades.
At the CSE, pre-opening is a 20-minute session while its Close Price Trading Session, a synonym of the post-closing session, lasts five minutes.
Almost all the peer stock exchanges across the world have their additional sub-sessions like pre-opening and post-closing to offer convenience and uphold dynamism in the bourses. Their core trading session also lasts longer than that in Bangladesh bourses – from 10am to 2:30pm.