Loading...
The Financial Express

Stocks open week on flat note

| Updated: March 16, 2021 10:17:06


Investors, in protective suits, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files Investors, in protective suits, monitoring stock price movements on computer screens at a brokerage house in the capital city — FE/Files

Stocks started the week on a flat note on Sunday amid volatile trading as investors mostly followed a cautious stance.

Following the previous two weeks’ moderate gain, the Dhaka Stock Exchange and the Chittagong Stock Exchange saw volatility at opening this morning amid lower trading activities.

Within the first hour of trading, the DSEX dropped 0.93 point while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 16 points at 11:00 am when the report was filed.

DSEX, the benchmark index of the DSE, went down by 0.93 points or 0.01 per cent to stand at 5,567 points till then.

The DS30 index, comprising blue chips, also fell 0.88 to reach 2,153 points. However, the Shariah Index (DSES) rose 2.68 points to stand at 1,268 points till then.

Turnover, another important indicator of the market, stood at Tk 2.16 billion within the first hour of trading when the report was filed at 11:00 am.

Market analysts said the investors followed a cautious stance as new cases of Covid-19 in the country have been rising gradually.

“The shaky investors sell-offs amid lower trading activities riding on the news that daily Covid-19 infection has almost doubled in a one week in Bangladesh,” said a top broker.

Of the issues traded till then, 118 advanced, 94 declined, and 109 remained unchanged.

Beximco was the most traded stock till filing of this report with shares worth Tk 364 million changing hands, followed by Summit Power, Lub-rref (Bangladesh), Beximco Pharma and LankaBangla Finance.

However, the Chittagong Stock Exchange (CSE) saw a positive trend with the CASPI gaining 16 points to stand at 16,180, also at 11:00 am.

Of the issues traded till then, 42 gained, 38 declined, and 35 remained unchanged with Tk 70 million in turnover.

[email protected]

Share if you like