7 months ago

Markets witness volatility at opening

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The stock market witnessed volatility at the opening on Monday as the shaky investors preferred for booking profits on sector-specific large-cap issues.

Following the previous day’s correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 2.08 points or 0.03 per cent to stand at 6,536, after the first two hours of trading at 11:30 am.

The DS30 index, comprising blue chips, also dropped 9.73 points to reach 2,363. However, the DSE Shariah Index (DSES) gained 1.91 points to 1,434.

Turnover, another important indicator of the market, stood at Tk 6.68 billion after two hours of trading.

Market insiders market witnessed volatility as investors favoured booking profits on large-cap stocks on the recent price surge.

Of the issues traded till then, 160 advanced, 74 declined, and 138 issues remained unchanged on the DSE trading floor.

Beximco, the flagship company of Beximco Group, was the most traded stock till the filing of this report with shares worth Tk 1.04 billion changing hands.

The Chittagong Stock Exchange also saw a negative trend till then with its All Shares Price Index (CASPI)—losing 6.62 points to stand at 19,253 while the Selective Categories Index – CSCX – shedding 4.65 points to reach 11,541, also at 11:30 am.

Of the issues traded till then, 87 advanced, 52 declined and 76 remained unchanged with a turnover of Tk 174 million.

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