7 days ago

Stocks down at opening amid choppy trading

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Stocks open lower on Tuesday amid volatile trading, after remaining upbeat for the past five trading days, as cautious investors opted for booking profit on quick-gaining stocks.

After the first two hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by more than 8 points or 0.14 per cent to 5,556 at 12:00 noon, when the report was filed.

Market analysts said as the market index gained for the past five trading days, a section of investors are realigning their gains.

The blue-chip DS30 index, a group of 30 prominent companies, also fell 7.5 points to 1952. However, the DSES index, which represents Shariah-based companies, saw a fractional rise of 0.62 point to 1,215 till then.

Turnover, another important indicator of the market, stood at Tk 4.68 billion after the first two hours of trading.

Of the issues traded till then, 160 advanced, 169 declined, and 62 issues remained unchanged on the DSE trading floor till then.

Capitec Grameen Bank Growth Fund was the most traded stock till then with shares worth Tk 343 million changing hands.

The Chittagong Stock Exchange also saw a downturn with its All Shares Price Index (CASPI)—losing 22 points to stand at 15,772 while the Selective Categories Index – CSCX shed 14 points to reach 9,492 till then.

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