The Financial Express

Stocks soar at opening after two-day correction

| Updated: August 23, 2021 16:33:13

Stocks soar at opening after two-day correction

Stocks opened on an upbeat note on Sunday, after two-day mild corrections, as bargain hunters showed their buying interest on sector-wise issues.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 36.29 points or 0.52 per cent to stand at 6,796 points within the first 30 minutes of trading at 10:30 am –the highest since its inception more than eight years back in 2013.

Two other indices saw positive trend till then, with the DS30 index, comprising blue chips, rose 3.03 points to reach 2,437 and the Shariah Index (DSES) gained 7.28 points to stand at 1,468 points till then.

Turnover, another important indicator of the market, stood at Tk 3.71 billion within the first 30 minutes of trading at 10:30 am.

Market insiders said the bargain hunters are showing their buying appetite on sector-specific stocks after two days of profit booking sell-offs.

Of the issues traded till then, 265 advanced, 63 declined and 34 remained unchanged on the DSE trading floor till then.

Recently listed SBAC Bank was the most traded stock till then with shares worth Tk 230 million changing hands, closely followed by Ring Shine Textile, IFIC Bank, Makson Spinning, and First Security Islami Bank.

The Chittagong Stock Exchange also saw a positive trend till then with its All Shares Price Index (CASPI)—rising 74 points to stand at 19,787 while the Selective Categories Index – CSCX gained 42 points to reach 11,863, also at 10:30 am.

Of the issues traded till then 93 advanced, 22 declined and 15 remained unchanged with Tk 118 million in turnover.

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