The Financial Express

Stocks down at opening after record high

| Updated: September 08, 2021 08:57:27

Stocks down at opening after record high

Stocks opened marginally lower on Monday after a sharp rise in the previous day as cautious investors booked some gain on the recent price surge.

After crossing the prime index 7,000-mark in the previous day, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 6.50 points or 0.10 per cent to 7,046 points within the first 30 minutes of trading at 10:30 am.

Two other indices also saw a negative trend with the DS30 index, comprising blue chips, lost 5.58 points to reach 2,528 while the Shariah Index (DSES) shed 0.58 points to stand at 1,528 points till then.

Turnover, another important indicator of the market, stood at Tk 5.10 billion within the first 30 minutes of trading at 10:30 am.

Market experts said the risk-averse investors preferred to book profit on quick-gaining issues as the market index soared to a record high.

Of the issues traded till then, 150 advanced, 157 declined and 58 remained unchanged on the DSE trading floor till then.

Doreen Power was the most traded stock till then with shares worth Tk 399 million changing hands, closely followed by Saif Powertec, Beximco, LafargeHolcim, and Baraka Patenga Power.

The Chittagong Stock Exchange also opened marginally lower with its All Shares Price Index (CASPI)—losing 5.32 points to stand at 20,557 while the Selective Categories Index – CSCX shedding 4.0 points to reach 12,320, also at 10:30 am.

Of the issues traded till then 82 advanced, 75 declined and 32 remained unchanged with Tk 104 million in turnover.

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