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The Financial Express

Stocks open mixed as investors remain cautious

| Updated: December 25, 2021 10:52:36


Investors monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files Investors monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

Stocks opened mixed trend on Thursday as investors mostly followed a cautious stance amid lack of clear market direction.

Following the previous day’s slight loss, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 4.93 points or 0.07 per cent to stand at 6,759, after the first hour of trading at 11:00 am.

Market analysts said investors have been struggling with a lack of confidence amid concern over Omicron while deteriorating of the situation between two regulators regarding some policy issues affected their sentiments too.

Many investors followed a cautious stance ahead of year-closing while some were not interested in selling shares at low prices, according to a stockbroker.

Two other DSE indices, however, saw negative trends till then. The DS30 index, comprising blue chips, shed 1.55 points to stand at 2,534 and the Shariah Index (DSES) lost 1.88 points to stand at 1,432 till then.

Turnover, another important indicator of the market, stood at Tk 1.96 billion within the first hour of trading at 11:00 am.

Of the issues traded till then, 175 declined, 128 advanced, and 63 issues remained unchanged on the DSE trading floor.

Beximco was the most traded stock till the filing of this report with shares worth Tk 150 million changing hands, closely followed by Asia Insurance, ONE Bank, Fortune Shoes and Global Insurance.

The Chittagong Stock Exchange opened marginally lower with its All Shares Price Index (CASPI)—losing 2.44 points to stand at 19,665 while the Selective Categories Index – CSCX shedding 3.0 points to reach 11,815, also at 11:00 am.

Of the issues traded till then, 54 declined, 51 advanced, and 18 remained unchanged with Tk 26 million in turnover.

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