Stock markets witness mixed trend in early trading
Stocks on both bourses witnessed mixed trend in early trading on Wednesday as investors are active on both sides of trading fence.
Following the previous two days’ marginal gain, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) opened lower amid thin participation of investors.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell 8.95 points while the Selective Category Index of the port city bourse lost 16 points at 10:45am.
However, within next 15 minutes, it recovered the losses and DSEX gained 5.32 points while the Selective Category Index of the port city bourse remained down, losing 13 points at 11:00am when the report was filed.
DSEX, prime index of the DSE, went up by 5.32 points or 0.09 per cent to stand at 6,037 points at 11:00am.
Two other indices saw positive trend till then.
DS30 index, comprising blue chips, advanced 0.42 points or 0.02 per cent to 2,182 points and Shariah Index DSES gained 4.34 points or 0.33 per cent to stand at 1,330 points at 11:00am.
Turnover, an important indicator of the market, stood at Tk 900 million after 30 minutes of trading when the report was filed at 11:00am.
Of the issues traded till then, 165 advanced, 63 declined and 35 remained unchanged.
The newly listed Aamra Networks was the most traded stocks till then with shares worth Tk 69 million changing hands, closely followed Fortune Shoes Tk 66 million, BBS Cables Tk 64 million, Uttara Bank Tk 43 million and LankaBangla Finance Tk 38 million.
However, CSE saw negative trend till then with its selective category index CSCX losing 13 points to stand at 11,304 points, also at 11:00am.
Of the issues traded till then, 56 gained, 29 declined and 12 issues remained unchanged with Tk 32 million in turnover.