Stocks witnessed a downward trend in early trading on Thursday as cautious investors are booking profit on sector-wise issues following reduced trading days news next week.
Trading on the bourses will remain closed on Sunday and Wednesday next week in line with the banks and only three trading days will be held during the week due to rising virus infections.
The benchmark index of the Dhaka Stock Exchange (DSE), went down by 9.28 points or 0.14 per cent to stand at 6,407 points within the first 40 minutes of trading when the report was filed at 10:40 am.
Two other indices also saw a negative trend at the opening as the DS30 index, comprising blue chips, fell 2.98 points to reach 2,320 and the Shariah Index (DSES) lost 0.08 points to stand at 1,396 points till then.
Turnover, another important indicator of the market, stood at Tk 2.92 billion within the first 40 minutes of trading at 10:40 am.
Market insiders said the risk-averse investors sold shares amid the rising trend of Covid-19 infections and the news of reduced trading days next week.
Of the issues traded till then, 150 advanced, 161 declined and 68 remained unchanged on the DSE trading floor till then.
AFC Agro Biotech was the most traded stock till then with shares worth Tk 107 million changing hands, closely followed by Southeast Bank, Coppertec Industries, Active Fines, and Index Agro Industries.
The port city bourse – the Chittagong Stock Exchange – (CSE) saw a negative trend till then with CSE All Share Price Index- CASPI-losing 26 points to stand at 18,595, also at 10:40 am.
Of the issues traded till then 60 advanced, 94 declined and 31 remained unchanged with Tk 50 million in turnover.