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Stocks opened with a positive trend on Monday amid a slow trend as investors were largely reluctant to make fresh investments in absence of any strong positive catalyst to revive investor confidence.
The profit booking sell pressure remained prevalent across the trading floor since cautious investors remained observant of the market’s trend ahead of the monetary policy announcements.
The Bangladesh Bank is going to unveil the monetary policy for the second half of the current fiscal year today (Monday).
Following the previous day’s rise, the prime index of the Dhaka Stock Exchange (DSE), went down by 5 points or 0.10 percent to 5,160 at 11:00 am, when the report was filed.
The DS30 index, a group of 30 prominent companies, also lost 3 points to 1,909. However, the DSES index, which represents Shariah-based companies, saw a fractional gain of 0.70 point to 1,144.
Turnover, another important indicator of the market, also remained low and amounted to Tk 985 million until then.
Of the issues traded, 129 advanced, 160 declined, and 81 issues remained unchanged on the DSE trading floor.
BD Thai Aluminum was the most traded stock with shares worth Tk 47 million changing hands.
The Chittagong Stock Exchange saw a negative trend until then with its All Shares Price Index (CASPI)—losing 24 points to 14,449 while the Selective Categories Index – CSCX shed 18 points to 8,761.