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Stocks witnessed high volatility after two hours of trading on Thursday as investors were active on both sides of the trading fence.
Following the previous day’s downward trend, DSEX, the prime index of the DSE, jumped 40 points within 90 minutes of the adding only to fall sharply over the next 30 minutes.
DSEX, the prime index of the DSE, went up by 3.26 points, or 0.04 per cent, to stand at 6,554, after the first two hours of trading at 11:30 am.
Two other indices saw negative trends till then. Of them, DS30, comprising blue chips, fell 8.24 points to finish at 2,366 and DSE Shariah Index (DSES) shed 2.47 points to close at 1,433.
Turnover, another important indicator of the market, stood at Tk 9.08 billion after the first two hours of trading.
Market insiders said the market witnessed some volatility as investors were active on both sides of the trading fence.
Risk-averse investors realized some profits on selective stocks, and some investors were busy reshuffling their portfolios ahead of dividend declarations by June-closing companies, said a merchant banker.
Of the issues traded till then, 125 advanced, 72 declined, and 165 remained unchanged on the DSE trading floor.
Orion pharma became the most traded stock till then, with shares worth Tk 1.20 billion changing hands.
The Chittagong Stock Exchange also saw volatility after two hours of trading with its All Shares Price Index (CASPI) losing 0.78 points to stand at 19,318 while the Selective Categories Index (CSX) fell 0.56 points to reach 11,580, also at 11:30 am.
Of the issues traded till then, 71 advanced, 42 declined, and 87 remained unchanged, with a turnover of Tk 761 million till then.