Stocks opened higher on Thursday with rising turnover as the optimistic investors continued to put fresh bets on sector-wise issues, beating Omicron worries.
Following the previous five days’ positive note, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 38.43 points or 0.54 per cent to stand at 7,127, 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 15.55 points to reach 2,632 points and the Shariah Index (DSES) advanced 6.62 points to stand at 1,515.
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.
The investors continued to bet on the impact of Omicron anticipating the economy would not get affected this time the way it was hit earlier, according to a stockbroker.
Turnover, another important indicator of the market, stood at Tk 4.61 billion within the first hour of trading at 11:00am.
Of the issues traded till then, 236 advanced, 65 declined and 62 issues remained unchanged on the DSE trading floor till then.
Beximco was the most traded stock till then with shares worth Tk 891 million changing hands, followed by Bangladesh Shipping Corporation, Golden Son, Deshbandhu Polymer and Saif Powertec.
The Chittagong Stock Exchange opened higher with its All Shares Price Index (CASPI)—rising 122 points to stand at 20,873, while the Selective Categories Index – CSCX gaining 74 points to reach at 12,540, also at 11:00am.
Of the issues traded till then 164 advanced, 113 declined, and 31 remained unchanged with Tk 108 million in turnover.