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The Financial Express

Stocks up at opening with choppy trading

| Updated: January 11, 2022 20:10:55


Stocks up at opening with choppy trading

Stocks opened on a positive note on Monday, after the previous day’s profit booking, as some investors put fresh bets on sector-specific issues

Following the previous day’s correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), rose 9.65 points or 0.13 per cent to stand at 6,942, after the first hour of trading at 11:00 am.

Two other DSE indices also saw a positive trend till then. The DS30 index, comprising blue chips, gained 0.50 points to reach 2,579 points and the Shariah Index (DSES) rose 1.06 points to stand at 1,469.

Market analysts said stocks backed on the rising trend, after a single-day break, as investors put fresh bets on sector-wise stocks, beating worries of the rising Covid-19 cases in the country.

Turnover, another important indicator of the market, stood at Tk 2.81 billion within the first hour of trading at 11:00 am.

Of the issues traded till then, 160 advanced, 136 declined and 69 issues remained unchanged on the DSE trading floor.

Bangladesh Shipping Corporation was the most traded stock till the filing of this report with shares worth Tk 328 million changing hands, closely followed by Bashundhara Paper Mills, Delta Life Insurance, Fortune Shoes and LafargeHolcim.

The Chittagong Stock Exchange opened marginally higher with its All Shares Price Index (CASPI)—rising 18 points to stand at 20,329, while the Selective Categories Index – CSCX gained 11 points to reach 12,209, also at 11:00 am.

Of the issues traded till then, 70 advanced, 68 declined, and 22 remained unchanged with Tk 88 million in turnover.

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