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The Financial Express

Markets witness mixed trend in early trading

| Updated: October 08, 2020 11:43:11


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 in the early trading on Tuesday as investors were active on both sides of the trading fence after a big fall on the previous day.

Following the previous day’s sharp fall of the index, the Dhaka Stock Exchange (DSE) today opened on a positive note, but the Chittagong Stock Exchange saw a negative trend.

Within the first 30 minutes of trading, the DSE key index advanced 2.48 points while the CSE All Share Price Index - CASPI fell 13 points when the report was filed at 10:30am.

DSEX, the benchmark index of the DSE, went up by 2.48 points or 0.05 per cent to reach 4,949 points at 10:30am.

Two other DSE indices, however, saw negative note till then. The DS30 index, comprising blue chips, shed 2.85 points to stand at 1,682 and the Shariah Index (DSES) fell 1.54 points to reach 1,111 points at that time.

Turnover, another important indicator of the market, stood at Tk 2.20 billion when the report was filed at 10:30am.

Market operators said a section of investors opted for booking profit on major sector issues which saw significant gains in recent market upsurge while some taking positions on lucrative issues.

Of the issues traded till then, 151 advanced, 92 declined and 69 remained unchanged.

The insurance sector companies dominated the turnover chart with Continental Insurance being the most traded stock till filing of this report with shares worth Tk 160 million changing hands, closely followed by Express Insurance, Pioneer Insurance, Asia Insurance and Islami Insurance.

The port city bourse (CSE) saw a downward trend till then with the CASPI losing 13 points to stand at 14,133, also at 10:30am.

The Selective Categories Index (CSCX) also fell 8.0 points to reach 8,493 till then.

Of the issues traded till then, 46 gained, 27 declined, and 16 issues remained unchanged with Tk 36 million in turnover.

babulfexpress@gmai.com

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