CM – Stocks open higher when large caps rise


October 04, 2021 10:55:44 am

| Updated:
October 04, 2021 12:48:53 PM

Shares opened higher on Monday as buoyant investors expressed their appetite for large-cap issues amid growing optimism.

After the upward trend of the last five sessions, DSEX, the main index of the Dhaka Stock Exchange ( DSE), within the first 30 minutes of trading at 10:30 a.m. by 31.26 points or 0.42 percent to 7,387 points.

Two other DSE indices also recorded an upward trend by then. The DS30 index, consisting of blue chips, rose by 24.64 points to 2,766 and the Shariah index (DSES) rose by 7.96 points to 1,601 points.

Sales, another important indicator of the Market, stood at Tk 4.40 billion in the first 30 minutes of trading.

Market analysts said that optimistic investors continued to show interest in large-cap stocks before the profit and dividend declarations.

Large- Cap stocks such as BATBC, ICB, Walton, LafargeHolcim, Beximco, United Power and Beximco Pharma led the price gain until then.

Of the issues traded up to then, 158 were brought forward, 146 were down and 63 issues remained unchanged on the DSE – Commercial floor.

LafargeHolcim was the most traded stock at the time of filing this report, with shares worth Tk 350 million that changed hands, closely followed by National Housing Finance, IFAD Autos, BATBC and Orion Phrama.

The Chittagong Stock Exchange opened with Their All Shares Price Index (CASPI) was also higher and gained 105 points to 21,615, while the Selective Categories Index – CSCX climbed 64 points to 12,981, also at 10.30 a.m.

Of the issues traded up to then, 56 were preferred, 55 decreased and 16 remained unchanged with sales of Tk 81 million.

Published by Syed Manzur Elahi for International Publications Limited from Tropicana Tower (4
Stock), 45, Topkhana Road, GPO Box: 2526 Dhaka-1000 and printed by him by City Publishing
House Ltd., 1 RK Mission Road, Dhaka-1000.

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