Stocks open month on high note

Stocks open higher on Sunday, the first trading session of October month, thanks to increased optimism among investors.

Following the previous four sessions’ rising trend, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 37.45 points or 0.51 per cent to stand at 7,366 points within the first 30 minutes of trading at 10:30am.

Two other indices also saw a soaring trend till then. The DS30 index, comprising blue chips, rose about 18 points to stand at 2,728 and the Shariah Index (DSES) surged 6.05 points to stand at 1,598 points till then.

Turnover, another important indicator of the market, stood at about Tk 5.0 billion within the first 30 minutes of trading at 10:30 am.

Market analysts said the optimistic investors continued to show their buying interest on large-cap stocks ahead of earnings and dividend declarations.

Large-cap stocks such as Beximco, Renata, Beximco Pharma, MJL BD and BATBC led the index gain till then.

Of the issues traded till then, 245 advanced, 73 declined and 42 issues remained unchanged on the DSE trading floor till then.

LafargeHolcim was the most traded stock till then with shares worth Tk 421 million changing hands, closely followed by LankaBangla Finance, National Housing Finance, Beximco and Orion Pharma.

The Chittagong Stock Exchange also opened higher with its All Shares Price Index (CASPI)—gaining 112 points to stand at 21,409 while the Selective Categories Index – CSCX advanced 68 points to reach at 12,903, also at 10:30 am.

Of the issues traded till then 82 advanced, 42 declined and 11 remained unchanged with Tk 84 million in turnover.

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