The Financial Express

Stocks soar at opening amid rising turnover

| Updated: March 10, 2021 09:29:28

Stocks soar at opening amid rising turnover

Stocks opened higher on Sunday amid rising trading activities as optimistic investors showed their appetite on sector-wise large-cap issues.

Within the first hour into trade, DSEX advanced more than 50 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 185 points at 11:00 when the report was filed.

DSEX, the prime index of the DSE, went up by 50.12 points or 0.90 per cent to stand 5,565 points till then.

The DS30 index, comprising blue chips, also gained 29.32 points to reach at 2,141 and the Shariah Index (DSES) rose 6.96 points to stand 1,255 points till then.

Turnover, another important indicator of the market, stood at Tk 2.89 billion within the first hour of trading at 11:00am.

Market operators said bargain hunters showed their buying interest on selective stocks which saw massive price erosion in the past few weeks.

The recent volatile market sent the share prices of around 100 companies to their floor price level, which also prompted some investors to take positions at lucrative price level, they said.

Of the issues traded till then, 164 advanced, 57 declined and 94 remained unchanged.

British American Tobacco Bangladesh was the most traded stocks till then with shares worth Tk 237 million changing hands, followed by Summit Power, LafargeHolcim, GBB Power and Robi.

The port city’s bourse – the Chittagong Stock Exchange – (CSE) saw upbeat trend till then with CSE All Share Price Index- CASPI- soaring 185 points to stand at 16,161, also at 11:00am.

Of the issues traded till then, 59 gained, 18 declined, and 23 issues remained unchanged with Tk 85 million in turnover.

[email protected]

Share if you like