Stocks opened mixed on Monday as investors were mostly cautious amid persistently lackluster trade.
The market swung between positive and negative in the early trading as the investors were seen following the ‘go slow’ strategy ahead of dividend declaration by December-end companies.
Within the first hour of trading, DSEX, the prime index of the DSE, fell more than 6.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 0.28 point at 11:00 am when the report was filed.
DSEX went down by 6.99 points or 0.12 per cent to stand 5,397 points till then.
The DS30 index, comprising blue chips, also fell 3.20 points to reach 2,053. However, the Shariah Index (DSES) gained 3.29 points to stand 1,226 points till then.
Turnover, another important indicator of the market, stood at Tk 1.75 billion within the first hour of trading at 11:00 am.
Market analysts said the shaky investors continued their sell-offs in major stocks while bargain hunters were active on sector-wise issues, making the market volatile.
Of the issues traded till then, 113 advanced, 94 declined and 99 remained unchanged.
Beximco - the flagship company of Beximco Group- was the most traded stock till then with shares worth Tk 379 million changing hands, followed by Robi, BATBC, GBB Power and LankaBangla Finance.
The port city’s bourse – the Chittagong Stock Exchange – (CSE) almost flat with CSE All Share Price Index- CASPI- gaining 0.28 points to stand at 15,604, also at 11:00 am.
Of the issues traded till then, 36 gained, 26 declined, and 25 issues remained unchanged with Tk 63 million in turnover.