Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
After a big fall in the previous day, stocks witnessed high volatility in early trading on Monday, as investors are cautiously trading amid the confidence crisis.
After the first two hours of trading, the prime index of the Dhaka Stock Exchange (DSE), went up by 7 points or 0.15 per cent to 4,973 at 12:00 noon, when the report was filed.
The key index of the DSE tumbled below 5,000 points on Sunday after four years as political uncertainties have extinguished investor enthusiasm that sparked following the fall of the Hasina-led regime.
After a major fall, some investors went on buying selective stocks as their prices reached a lucrative price level, said a stockbroker.
The DS30 index, a group of 30 prominent companies, gained 1.6 points to 1,832 while DSES index, which represents Shariah-based companies, shed 2 points to 1,105.
Turnover, another important indicator of the market, remained low and stood at Tk 1.52 billion till then.
Of the issues traded till then, 197 advanced, 133 declined, and 62 issues remained unchanged on the DSE trading floor till then.
Lovello Ice-cream was the most traded stock till then with shares worth Tk 81 million changing hands.
However, the Chittagong Stock Exchange saw sharp fall till then with its All Shares Price Index (CASPI)—losing 123 points to stand at 13,883 while the Selective Categories Index – CSCX shed 84 points to reach 8,440 till then.