Stocks open higher on Monday with rising turnover as the optimistic investors continued to put fresh bets on sector specific issues, beating Omicron worries.
Following the previous day’s flat ending, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 38.85 points or 0.55 per cent to stand at 7,058, 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 11.02 points to reach 2,609 points and the Shariah Index (DSES) advanced 3.28 points to stand at 1,505.
Market analysts said stocks opened higher, beating worries of the rising Covid-19 cases, as the investors continued pouring their funds in the sector-wise stocks.
Turnover, another important indicator of the market, stood at Tk 5.11 billion within the first hour of trading at 11:00am.
Of the issues traded till then, 219 advanced, 92 declined and 57 issues remained unchanged on the DSE trading floor till then.
Bangladesh Shipping Corporation was the most traded stock till then with shares worth Tk 763 million changing hands, followed by Orion Pharma, Orion Infusion, Beximco and Paramount Textile.
The Chittagong Stock Exchange opened higher with its All Shares Price Index (CASPI)—rising 94 points to stand at 20,662, while the Selective Categories Index – CSCX gaining 56 points to reach at 12,410, also at 11:00am.
Of the issues traded till then 84 advanced, 45 declined, and 25 remained unchanged with Tk 127 million in turnover.