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Stocks opened on a negative note on Wednesday as investors traded cautiously amid the second day of the three-day country-wide blockade enforced by BNP and Jamaat.
Most investors followed a cautious stance while some continued their portfolio rebalancing in response to the latest earnings disclosures amid uncertain market momentum stemming from the prevailing macroeconomic and political concerns, market operators said.
Following the previous day’s modest rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 2.50 points to 6,276 after the first two hours of trading at 12:00 noon.
The DS30 Index, which consists of blue-chip companies, fell 0.21 points to 2,133 and the DSES index, which represents Shariah-based companies, declined 1.81 points to 1,360 till then.
Turnover remained low and total turnover stood at Tk 1.70 billion after the first two hours of trading.
Small-cap stocks dominated the turnover list with BD Monospool Paper as the most-traded shares till then with shares worth Tk 168 million changing hands, followed by Sea Pearl Beach Resorts, Beach Hatchery, Fu-Wang Food and Orion Infusion.
Of the issues traded till then, 76 advanced, 66 declined and 126 remained unchanged on the DSE trading floor.
However, the Chittagong Stock Exchange (CSE) opened positive with the CSE All Share Price Index – CASPI – rising 6 points to 18,596 after two hours of trading.