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The Financial Express

Stocks open higher amid low trading

| Updated: January 24, 2021 16:24:14


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Stocks open higher amid low trading

Stocks on both the bourses witnessed an upward trend in the early trading on Wednesday as bargain hunters continued to put fresh bets on sector-wise issues.

Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on an upward trend this morning amid lower trading activities.

Within the first 30 minutes of trading, the DSEX advanced more than 22.25 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 101 points at 10:30 am when the report was filed.

DSEX, the prime index of the DSE, went up by 22.25 points or 0.38 per cent to stand at 5,842 points at that time.

Two other DSE indices also saw a positive trend till then. The DS30 index, comprising blue chips gained 10.60 points to reach at 2,213 points while the Shariah Index (DSES) advanced 4.69 points to stand at 1,296 points till then.

Market operators said optimistic investors continued their buying spree on sector-wise stocks amid growing confidence in the market riding on regulatory moves and gradual improvement of economic activities.

The investors’ confidence remained high as the country’s overall economy continued recovering in the post-Covid-19 phase, they said.

Turnover, another important indicator of the market, stood at Tk 2.30 billion within 30 minutes of trading when the report was filed at 10:30 am.

Of the issues traded on the DSE till then, 130 advanced, 76 declined, and 73 remained unchanged.

Beximco was the most traded stocks till then with 3.42 million shares worth Tk 287 million changing hands, followed by Robi, Summit Power, Beximco Pharma, and City Bank.

The Chittagong Stock Exchange also saw an upward note with the CASPI gaining 101 points to stand at 17,004, also at 10:30 am.

Of the issues traded till then, 54 gained, 14 declined, and 18 issues remained unchanged with Tk 72 million in turnover.

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