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Stocks opened on a mixed trend on Monday as investors were active on both sides on the trading fence amid quarterly earnings disclosures of the listed companies.
The opportunistic investors pursued particular stocks with potential for quick gains while cautious investors preferred profit booking and continued rebalancing their portfolios based on the earnings disclosures.
Following the previous day’s big fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), saw a fractional gain of 0.57 point to 6,258 after the first two hours of trading at 12:00 noon.
Two other indices, however, saw a downward trend till then. The DS30 Index, which consists of blue-chip companies, fell 4.64 points to 2,118 and the DSES index, which represents Shariah-based companies, shed 1.36 points to 1,358.
Turnover remained low and total turnover stood at Tk 2.04 billion after the first two hours of trading.
Small-cap stock Khan Brothers PP Woven Bag Industries became the most-traded stocks till then with shares worth Tk 104 million changing hands, followed by BD Thai Aluminum, ADN Telecom, and Apex Footwear.
Of the issues traded till then, 83 advanced, 63 declined and 129 remained unchanged on the DSE trading floor.
The Chittagong Stock Exchange (CSE) also opened lower with the CSE All Share Price Index – CASPI – losing 5 points to 18546 after two hours of trading.
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