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After a big jump in the previous day, the market opened lower on Monday, the second day after the parliamentary election, as investors followed a cautious stance.
The market index surged 200 points on Sunday, the biggest single-day gain in more than 18 months, the first day after the national poll.
Market analysts said investors followed a go-slow strategy as the market index already saw a big jump due to over enthusiasm centering national election held on Thursday last.
The BNP-led alliance secured an absolute majority in Thursday's national election. Following the BNP's landslide victory, investors, however, hope for favourable market conditions ahead.
Despite the index surging more than 40 points within 10 minutes of trading on Monday, it could not sustain as the session progressed.
The prime index of the Dhaka Stock Exchange (DSE) went down by 4.32 points or 0.07 per cent to 5,5 96 within the first 30 minutes of trading at 11:00 am, when the report was filed.
The DS30 index, a group of 30 prominent companies, fell 10 points to 2134, while the DSES index, which represents Shariah-based companies, dropped 2 points to 1,112.
Turnover, another important indicator of the market, stood at Tk 4.90 billion till then.
Of the issues traded till then, 154 advanced, 188 declined, and 46 issues remained unchanged on the DSE trading floor till then.
Square Pharma was the most traded stock with shares worth Tk 376 million changing hands.
The Chittagong Stock Exchange, however, saw an upward trend till then with its All Shares Price Index (CASPI)—gaining 57 points to stand at 15576, while the Selective Categories Index – CSCX rose 21 points to 9577 till then.
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