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Stocks opened lower on Tuesday, as cautious investors opted for booking profit on quick-gaining stocks.
The market witnessed volatility as cautious investors remained observant of the market’s trend ahead of the announcement of the upcoming monetary policy statement and financial statements of listed companies.
After the first two hours of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by more than 30 points or 0.55 per cent to 5,454 at 12:00 noon, when the report was filed.
The blue-chip DS30 index, a group of 30 prominent companies, however, advanced 2.4 points to 1946. However, the DSES index, which represents Shariah-based companies, fell 7 points to 1,196 till then.
Turnover, another important indicator of the market, stood at Tk 2.61 billion after the first two hours of trading.
Of the issues traded till then, 68 advanced, 276 declined, and 50 issues remained unchanged on the DSE trading floor till then.
DBH Finance was the most traded stock till then with shares worth Tk 148 million changing hands.
The Chittagong Stock Exchange also saw a negative trend with its All Shares Price Index (CASPI)—losing 64 points to stand at 15,568 while the Selective Categories Index – CSCX lost 37 points to reach 9,370 till then.