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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Stocks open higher after two-day correction

| Updated: October 08, 2020 20:06:52


Stocks open higher after two-day correction

Stocks posted a marginal gain in early trading on Wednesday as bargain hunters went on buying binge amid expectations.

Following the previous two days’ correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange saw positive note at opening.

Within the first 30 minutes of trading, the DSE key index advanced more than 15 points while CSE All Share Price Index- CASPI rose 21 points when the report was filed at 10:30am.

DSEX, the prime index of the DSE, went up by 15.90 points or 0.32 per cent to reach 4,944 points at 10:30am.

Two other indices also saw positive trend till then. The DS30 index, comprising blue chips, advanced 0.72 points to reach at 1,679 and the Shariah Index (DSES) gained 3.70 points to reach 1,113 points till then.

Turnover, another important indicator of the market, stood at Tk 1.48 billion when the report was filed at 10:30am.

Market operators said the bargain hunters remained active in the market as many issues came to a lucrative price level after two days major correction.

Of the issues traded till then, 223 advanced, 45 declined and 41 remained unchanged.

The insurance sector companies dominated the turnover chart with Continental Insurance is the most traded stocks till then with shares worth Tk 112 million changing hands, closely followed by Asia Insurance, First Bangladesh Fixed Income Fund, Express Insurance and Walton Hi-tech Industries.

The port city bourse – the Chittagong Stock Exchange – (CSE) saw positive trend till then with CSE All Share Price Index- CASPI-gaining 21 points to stand at 14,106, also at 10:30am.

The Selective Categories Index – CSCX also gained 10 points to reach 8,472 till then.

Of the issues traded till then, 55 gained, 16 declined, and 12 issues remained unchanged with Tk 21 million in turnover.

babulfexpress@gmai.com

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