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The stock market opened lower on Monday, after a two-day rise, as jittery investors are selling shares of large-cap stocks once again.
Large-cap stocks such as Robi, Grameenphone, BAT Bangladesh, Beacon Pharma, and Beximco Pharma saw their price correction in early trading.
Following the previous two days’ rise, the market started with a downward trend, and the key index of the Dhaka Stock Exchange went down by 38 points to 5,791 after two and a half hours of trading at noon, when the report was filed.
The DSE 30 index, comprising blue chips, also plunged more than 10 points to 2,011 and the DSE Shariah Index (DSES) shed 8 points to 1,258 till then.
Turnover also stood at Tk 2.78 billion after two and a half hours of trading.
Of the issues traded till then, 265 declined, 64 advanced and 64 remained unchanged on the DSE trading floor.
Shinepukur Ceramic was the most-traded stocks till then with shares worth Tk 237 million changing, followed by Fu-Wang Ceramic, Fu-Wang Food and Emerald Oil.
The Chittagong Stock Exchange (CSE) opened lower with the CSE All Share Price Index – CASPI – losing 72 points to 16,557 at 12:00 noon.
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