Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks opened lower on Wednesday as cautious investors shy away from taking positions in equities considering the market’s waning momentum.
The investors were mostly cautious due to uncertainties over the ongoing economic and political tensions, while the news of another big fine to market manipulators further triggered the prevailing investor pessimism.
Following the previous day’s flat ending, the prime index of the Dhaka Stock Exchange (DSE), went down by 13 points or 0.24 per cent to 5,154 at noon, when the report was filed.
The DS30 index, a group of 30 prominent companies, lost 4 points to 1,899 while DSES index, which represents Shariah-based companies, shed 5 points to 1,149.
Turnover, another important market indicator, remained low and amounted to Tk 1.33 billion till then.
Of the issues traded till then, 188 declined, 115 advanced, and 87 issues remained unchanged on the DSE trading floor till then.
Asiatic Laboratories was the most traded stock till then with shares worth Tk 86 million changing hands.
The Chittagong Stock Exchange saw a downward trend till then with its All Shares Price Index (CASPI)—losing 23 points to stand at 14,416 while the Selective Categories Index – CSCX fell 12 points to reach 8,774 till then.