Stocks witnessed a mixed trend at the opening on Monday with low turnover as investors were reluctant to take new positions amid the worldwide interest rate hike.
Following the previous day’s major fall, DSEX, the prime index of the Dhaka Stock Exchange, went up by 0.31 points to stand at 6,511, after the first two hours of trading at 11:30 am.
Two other DSE indices saw positive trends till then. The DS30 index, comprising blue chips, gained 3.13 points to 2,333 and the DSE Shariah Index (DSES) up 1.31 points to 1,422.
Turnover, another important indicator of the market, stood at Tk 6.03 billion after the first two hours of trading.
Market insiders market witnessed a slow trend as investors were reluctant to take new positions amid the global interest rate hike.
The worldwide interest rate hike to curb inflation caused a decrease in major indices across the world on Sunday as well as in the local market, said the stockbroker.
Of the issues traded till then, 80 advanced, 115 declined and 162 issues remained unchanged on the DSE trading floor.
Orion pharma was the most traded stock till the filing of this report with shares worth Tk 655 million changing hands.
The Chittagong Stock Exchange also saw volatility after two hours of trading with its All Shares Price Index (CASPI)—losing 6.50 points to stand at 19,176 while the Selective Categories Index – CSCX – fell 4.0 points to reach 11,4946, also at 11:30 am.
Of the issues traded till then 32 advanced, 71 declined and 56 remained unchanged with turnover of Tk 39 million.