The market opened sharply higher on Monday, after two-day profit booking sell-offs, as investors showed their buying spree on major sector stocks.
Following the previous two days’ major correction, the market opened sharply higher and DSEX, the prime index of the DSE, went up by 52.55 points or 0.90 per cent to reach at 5,840 within the first 30 minutes of trading when the report was filed at 10:30 am.
Two other indices saw an upward trend till then with the DS30 index, comprising blue chips, gained 12.58 points to reach 2,174 and the Shariah Index (DSES) rose 5.92 points to stand 1,269 points till then.
Turnover, another important indicator of the market, stood at Tk 3.26 billion within the first 30 minutes of trading at 10:30 am.
Market operators said the investors are hopeful about the market amid lower return from the money market, easing virus worries coupled with an extension of margin loan cap implementation time for another six months.
Of the issues traded till then, 216 advanced, 56 declined and 52 remained unchanged on the DSE trading floor till then.
NRB Commercial Bank was the most traded stock till then with shares worth Tk 310 million changing hands, closely followed by Prime Bank, Kattali Textile, Beximco, and Ring Shine Textiles.
The port city bourse – the Chittagong Stock Exchange – (CSE) also opened sharply higher with CSE All Share Price Index- CASPI-gaining 101 points to stand at 16,859, also at 10:30 am.
Of the issues traded till then 92 advanced, 29 declined and 11 remained unchanged with Tk 142 million in turnover.
