Stocks open higher after two-day fall

FE ONLINE REPORT | Tuesday, 15 June 2021

Stocks opened higher on Tuesday after two-day profit booking sell-offs as bargain hunters showed their buying appetite on insurance issues.

Following the previous two days’ marginal correction, the market opened higher and DSEX, the prime index of the DSE, went up by 25.45 points or 0.42 per cent to reach at 6,039 within the first 30 minutes of trading when the report was filed at 10:30 am.

Market operators said after two-day profit booking sell-offs, the bargain hunters are putting fresh funds into the insurance issues targeting capital gains.

The DS30 index, comprising blue chips, also rose 8.08 points to reach 2,181 and the Shariah Index (DSES) gained 0.40 points to stand at 1,284 points.

Turnover, another important indicator of the market, stood at Tk 3.20 billion within the first 30 minutes of trading at 10:30 am.

Of the issues traded till then, 172 advanced, 132 declined, and 42 remained unchanged on the DSE trading floor till then.

National Polymer was the most traded stock till the filing of this report with shares worth Tk 350 million changing hands, followed by Beximco, Rupali Bank, Sonar Bangla Insurance, and Energypac Power.

The port city bourse – the Chittagong Stock Exchange – (CSE) also opened marginally higher with CSE All Share Price Index- CASPI-gaining 4.0 points to stand at 17,469, also at 10:30 am.

Of the issues traded till then 67 advanced, 74 declined and 22 remained unchanged with Tk 74 million in turnover.

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