Stocks open marginally higher with rising turnover

FE ONLINE REPORT | Wednesday, 23 June 2021

Stocks opened marginally higher on Wednesday as investors showed their buying spree on low-cap textile sector issues.

Following the previous day’s marginal correction, the market opened on a positive note and the DSEX, the prime index of the DSE, went up by 7.46 points or 0.12 per cent to reach 6,113 points when the report was filed at 10:30 am.

Two other indices also saw positive trend with the DS30 index, comprising blue chips, advanced 0.98 points to reach 2,206 and the Shariah Index (DSES) gained 4.08 points to stand at 1,308 till then.

Turnover, another important indicator of the market, stood at Tk 3.38 billion within the first 30 minutes of trading at 10:30 am.

Of the issues traded till then, 197 advanced, 115 declined and 35 remained unchanged on the DSE trading floor till then.

National feed Mills was the most traded stock till the filing of this report with shares worth Tk198 million changing hands, closely followed by Dragon Sweater, Sea Pearl Beach, Makson Spinning, and Beximco.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw positive trend will then with CSE All Share Price Index- CASPI-gaining 34 points to stand at 17,798, while the Selective Categories Index – CSCX rising 18 points to reach at 10,707, also at 10:30 am.

Of the issues traded till then 62 advanced, 26 declined and 50 remained unchanged with Tk 66 million in turnover.

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