Stocks opened sharply higher on Sunday, the first trading day of 2022, as the optimistic investors were showing their buying interest on sector-wise large-cap issues.
After passing a good year in 2021, DSEX, the prime index of the Dhaka Stock Exchange (DSE), soared 80.33 points or 1.18 per cent to stand at 6,836, after the first hour of trading at 11:00 am.
The country’s capital market experienced a good year as the core index of the DSE posted an impressive 1,354 points or 25 per cent growth in 2021, although stocks of many low-performing companies saw unusual price hikes during the year.
Meanwhile, two other DSE indices also saw an upward trend till then. The DS30 index, comprising blue chips, advanced 30.29 points to reach 2,562 points and the Shariah Index (DSES) rose 13.74 points to stand 1,444.
Market analysts said the bargain hunters opted for taking a position on lucrative stocks riding on the fresh hopes in the New Year.
Turnover, another important indicator of the market, stood at Tk 2.32 billion within the first hour of trading at 11:00 am.
Of the issues traded till then, 289 advanced, 41 declined and 27 issues remained unchanged on the DSE trading floor.
Fortune Shoes was the most traded stock till the filing of this report with shares worth Tk 389 million changing hands, closely followed by Bangladesh Shipping Corporation, Beximco, Sonali Paper and Delta Life Insurance.
The Chittagong Stock Exchange opened sharply higher with its All Shares Price Index (CASPI)—soaring 190 points to stand at 19,856, while the Selective Categories Index – CSCX rising 113 points to reach 11,926, also at 11:00 am.
Of the issues traded till then, 72 advanced, 16 declined, and four remained unchanged with Tk 62 million in turnover.