Stocks open higher with rising turnover

| Updated: January 14, 2022 08:40:07

Stocks open higher with rising turnover

Stocks opened higher on Wednesday as the optimistic investors continued to put fresh bets on sector-specific issues, beating Omicron worries.

Following two days’ rising trends, DSEX, the prime index of the Dhaka Stock Exchange (DSE), rose 24.85 points or 0.35 per cent to stand at 7,074, after the first hour of trading at 11:00am.

Two other indices also saw positive trends till then. The DS30 index, comprising blue chips, gained 7.41 points to reach 2,634 points and the Shariah Index (DSES) rose 8.72 points to stand at 1,504.

Market analysts said stocks continued to rise as the investors put fresh bets in major sector stocks, particularly in the state-run listed companies, beating worries of the rising Covid-19 cases in the country.

Turnover, another important indicator of the market, stood at Tk 4.88 billion within the first hour of trading at 11:00am.

Of the issues traded till then, 217 advanced, 97 declined and 50 issues remained unchanged on the DSE trading floor till then.

RAK Ceramics was the most traded stock till then with shares worth Tk 510 million changing hands, closely followed by Bangladesh Shipping Corporation, Titas Gas, Lovello Ice Cream, and Power Grid Company.

The Chittagong Stock Exchange opened higher with its All Shares Price Index (CASPI)—rising 66 points to stand at 20,733, while the Selective Categories Index – CSCX gained 37 points to reach at 12,455, also at 11:00am.

Of the issues traded till then 89 advanced, 42 declined, and 17 remained unchanged with Tk 170 million in turnover.

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