Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks witnessed choppy trading in the early hours on Tuesday as cautious investors are booking profit on quick-gaining shares amid rising inflation.
Inflation hit a fresh decade-high at 9.94 per cent in May while some investors preferred to book profits, anticipating a tough time ahead because of the ongoing energy crisis.
Following the previous day’s marginal correction, the market opened lower and the key index of the Dhaka Stock Exchange (DSE) went down by 4.95 points to stand at 6,351, after the first hour of trading at 11:00 am.
The DSES Index, which represents Shariah-based companies, also shed 0.99 points to 1,381 and the DS30 Index, which consists of blue-chip companies, dropped 1.48 points to 2,196.
Trading activities were also lower as total market turnover stood at Tk 3.44 billion at 11:00am.
Of the issues traded till then, 105 declined, 66 advanced, and 142 remained unchanged on the DSE trading floor.
Mid-cap stock dominating the turnover chart with Associated Oxygen was the most traded stock till the filing of this report with shares worth Tk 440 million changing hands, closely followed by Meghna Life Insurance, Gemini Sea Food, Intraco Refueling and RD Food.
The port city bourse – the Chittagong Stock Exchange – (CSE) also opened lower with CSE All Share Price Index- CASPI-losing 17 points to stand at 18,759, also at 11:00am.
Of the issues traded till then, 46 declined, 24 advanced, and 42 remained unchanged with Tk 25 million in turnover.
babulfexpress@gmail.com