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Stocks Begin The New Year With A Rise

Stocks Begin The New Year With A Rise-theincap

Stocks began the 2022 journey with a sharp rise on 2nd January, as investors demonstrated their buying interest in sector-specific large-cap issues, riding on high expectations. The DSEX, the Dhaka Stock Exchange’s (DSE) benchmark index, rose 96 points, or 1.42 percent, to 6,853. On the DSE, 294 stocks rose, 64 fell, and 20 remained unchanged.

Fortune Shoes topped the list of gainers with a 9.99 percent increase, followed by CVO Petrochemical, Bangladesh Shipping Corporation, and Lovello Ice Cream. Sonali Paper lost the most, falling 6.2%, followed by Atlas Bangla, Asia Insurance, and Bangladesh Monospool Paper.

Bangladesh Shipping Corporation, Fortune Shoes, IFIC Bank, and GSP Finance were among the companies that traded the most Beximco stocks worth Taka 9.9 million. On the other hand, the DSE’s turnover fell around 3% to Taka 8.94 billion from Taka 9.21 billion the previous day.

The Chittagong Stock Exchange CSE (CSE) gained ground on the day. The CSE’s main index, the CASPI, rose 388 points, or 1.97 percent, to 20,054. 207 of the 262 traded stocks rose, 41 fell, and 14 remained unchanged.

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