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The Financial Express

Stocks open mixed amid virus worries

| Updated: January 25, 2022 13:06:34


FE Photo/Files FE Photo/Files

Stocks opened with a mixed trend on Monday as investors traded cautiously amid a growing tension over rising virus cases.

Following the previous day’s modest correction, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 2.52 points or 0.03 per cent to stand at 7,075, after the first hour of trading at 11:00am.

Two other indices also saw positive trends till then. Of them, DS30 index, comprising blue chips, gained 5.92 points to reach 2,635 points and Shariah Index (DSES) advanced 2.99 points to stand at 1,511.

Market analysts said the cautious investors are booking profit on quick-gaining stocks while some optimistic investors continued their buying binge on some large-cap stocks.

Turnover, another important indicator of the market, stood at Tk 3.41 billion within the first hour of trading at 11:00am.

Of the issues traded till then, 153 advanced, 157 declined and 58 issues remained unchanged on the DSE trading floor till then.

Bangladesh Shipping Corporation was the most traded stock till then with shares worth Tk 562 million changing hands, followed by Beximco, Fu-Wang Food, Apex Footwear and Power Grid Company.

However, Chittagong Stock Exchange (CSE) opened on a negative note with its All Shares Price Index (CASPI) losing 15 points to stand at 20,686 and its Selective Categories Index (CSCX) shedding 9.38 points to reach 12,427, also at 11:00am.

Of the issues traded till then on the CSE floor, 80 declined, 44 advanced, and 22 remained unchanged with Tk 75 million in turnover.

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