| Update:
May 24, 2021, 1:38 p.m.

The market opened sharply higher on Monday, after two days of liquidating earnings reservations, as investors showed their buying frenzy on the sector’s major stocks.

Following the major correction of the previous two days, the market opened sharply higher and the DSEX, the premium index of the DSE, rose 52.55 points or 0.90% to reach 5840 in the first 30 minutes negotiation when the report was tabled at 10:30 am.

Two other indices have trended upwards so far with the DS30 index, comprising blue chips, gained 12.58 points to reach 2174 and the Sharia Index (DSES) increased by 5.92 points to settle at 1269 points so far.

Turnover, another important market indicator, stood at Tk 3.26 billion in the first 30 minutes of trading at 10:30 am.

Market participants said investors were optimistic about the market amid underperforming money market, allaying virus fears and extending the deadline for implementing the margin lending cap by six months.

Of the issues traded so far, 216 have advanced, 56 have declined and 52 have remained unchanged on the DSE floor so far.

NRB Commercial Bank was the most traded share so far with shares worth Tk 310 million changing hands, closely followed by Prime Bank, Kattali Textile, Beximco and Ring Shine Textiles.

The port city’s stock exchange – the Chittagong Stock Exchange – (CSE) also opened sharply with the CSE All Share Price Index – CASPI – gaining 101 points to settle at 16,859, also at 10:30 am.

Of the issues traded so far, 92 advanced, 29 declined and 11 remained unchanged, with a turnover of Tk 142 million.

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