Stocks open mixed as investors mostly cautious

Stocks opened with a mixed trend on Sunday as investors mostly followed cautious amid ongoing volatile trading.

The market is currently in a consolidation phase, with sentiment heavily influenced by earnings momentum, sector-specific activity, and external geopolitical risks, while investors continue to balance caution with selective accumulation, market insiders say.
Following the previous week’s modest recovery,the prime index of the Dhaka Stock Exchange (DSE), went up by more than 7 points or 0.13 percent to 5,252 at 11:00am, when the report was filed.

The DS30 index, a group of 30 prominent companies, however, lost 4 points to 1,978 as blue chip stocks sufered losses. The DSES index, which represents Shariah-based companies,rose 1 point to 1,067 till then.

Turnover, another important indicator of the market, also rose and amounted to Tk 3.05 billion till then.

Of the issues traded till then, 205 advanced, 105 declined, and 77 issues remained unchanged on the DSE trading floor till then.

Bangladesh National Insurance was the most traded stock with shares worth Tk 120 million changing hands till then, followed by Mir Akther Hossin, Monno Farbrics and RD Food.

The Chittagong Stock Exchange, saw a downturn till then with its All Shares Price Index (CASPI)—losing 53 points to 14,662 while the Selective Categories Index – CSCX lost more than 35 points to 9,028 till then.

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