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The Financial Express

Stocks witness mixed trend amid choppy trading

| Updated: January 30, 2021 11:31:36


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Traders, wearing masks, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files Traders, wearing masks, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

Stocks witnessed a mixed trend amid choppy trading in the early hours on Wednesday as cautious investors continued their profit booking on sector-wise issues.

Following the previous three days’ fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher as the key index of DSE soared 40 points within 30 minutes of trading.

However, the next 30 minutes eroded almost all the initial gains. After an hour of trading, the DSEX advanced 6.10 points while the CSE All Share Price Index (CASPI) of port city’s bourse dropped 46 points at 11:00 when the report was filed.

DSEX, the prime index of the DSE, went up by 6.10 points or 0.10 per cent to stand at 5,701 points till then.

Two other indices, however, saw a negative trend till then. The DS30 index, comprising blue chips, lost 1.39 points to reach at 2,161 points and the Shariah Index (DSES) shed 3.08 points to stand 1,276 points till then.

Turnover, another important indicator of the market, stood at Tk 2.57 billion within the first hour of trading at 11:00 am.

Of the issues traded on the DSE till then, 162 advanced, 61 declined, and 93 remained unchanged.

Beximco was the most traded stock till then with 6.76 million shares worth Tk 546 million changing hands, followed by Robi, Energypac Power, BATBC and LankaBangla Finance.

However, the port city bourse – the Chittagong Stock Exchange – (CSE) saw a downward trend with the CASPI losing 46 points to stand at 16,485, also at 11:00 am.

Of the issues traded till then, 45 gained, 40 declined, and 28 issues remained unchanged with Tk 114 million in turnover.

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