The Financial Express

Stocks open higher amid Omicron worries

| Updated: January 19, 2022 16:39:21

Stocks open higher amid Omicron worries

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

Following the previous three days’ gain, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 27.68 points or 0.39 per cent to stand at 7,083, 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 9.46 points to reach 2,608 points and the Shariah Index (DSES) advanced 4.57 points to stand at 1,511.

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 4.75 billion within the first hour of trading at 11:00am.

Of the issues traded till then, 214 advanced, 93 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 405 million changing hands, followed by Beximco, Fortune Shoes, Saif Powertec and ACI Ltd.

The Chittagong Stock Exchange opened higher with its All Shares Price Index (CASPI)—rising 118 points to stand at 20,777, while the Selective Categories Index – CSCX gained 71 points to reach at 12,481, also at 11:00am.

Of the issues traded till then 88 advanced, 37 declined, and 27 remained unchanged with Tk 82 million in turnover.

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