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Stocks witnessed volatility in early hours of trading on Tuesday as the regulatory intervention virtually failed to restore investors’ confidence to the market.
The Bangladesh Securities and Exchange Commission on Monday at a meeting urged the market intermediaries to ensure their active participation in stabilising the stock market.
Following the previous day’s moderate gain, the market opened lower and the key index of the Dhaka Stock Exchange (DSE) went down by 1.31 points to 5,673 at 12:00 noon, when the report was filed.
The blue chip index DS30, a group of 30 prominent companies, however, gained 5 points to 1988 while the DSES Index, which represents Shariah-based companies, saw a fractional gain of 0.04 point to 1,243 till then.
Turnover, a crucial indicator of the market, remained low and amounted to Tk 2.88 billion after the first two hours of trading.
Of the issues traded, 110 advanced, 210 declined and 69 remained unchanged till then.
The Chittagong Stock Exchange (CSE) opened higher with the CSE All Share Price Index – CASPI –gaining 40 points to 16,229, also at 12:00 noon.