Stocks jump at opening amid trade optimism
According to a brokerage house review, the markets have been cheerful over the investors’ buying propensity of fresh stocks at lucrative prices in the hope to achieve capital gain with the current upward momentum amid optimism
Equity indices of the country's two main bourses witnessed sharp gains in the first one-and-half-hour trading session on Wednesday, following the enthusiastic investors' appetite in listed stocks with return potential, amid growing confidence in the market on regulatory moves to restore market discipline.
According to a brokerage house review, the markets have been cheerful over the investors' buying propensity of fresh stocks at lucrative prices in the hope to achieve capital gain with the current upward momentum amid optimism.
DSEX, the prime index of the DSE, increased by 52 points – or 1.08 percent - to reach at 4,833 till 11:30am.
Moreover, the Shariah-based DSES index gained 17.20 points to settle at 1,131 and the blue-chip index DS30 rose by 19.12 points to stand at 1,679.
Turnover on the Dhaka Stock Exchange (DSE) trading floor also leaped by 8 percent to Tk319.11 crore in the first session amid floor price limitation.
Out of the 354 issues traded during the same time frame, 220 company's share prices advanced, 69 declined, and 65 remained unchanged.
In the corresponding period, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) has increased 115 points to close at 13,750.
