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The market opened marginally lower on Sunday as risk-averse investors booked some profit on quick-gaining stocks.
Following the previous week’s correction, the market opened lower and the DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down 10.58 points or 0.17 per cent to reach 6,042 within the first 30 minutes of trading when the report was filed at 10:30 am.
The Shariah Index (DSES) also fell 2.50 points to stand at 1,288. However, the DS30 index, comprising blue chips, gained 3.88 points to reach 2,200 till then.
Turnover, another important indicator of the market, stood at Tk 2.74 billion within the first 30 minutes of trading at 10:30 am.
As the core index restrained settling above the 6,000 mark, some shaky investors opted to book profit amidst the volatile trading during the week, said a stockbroker.
He noted that some investors also followed ‘go slow’ strategy as the stock market regulator lifted the floor price restriction for all listed companies effective from today.
Of the issues traded till then, 181 declined, 116 advanced and 50 remained unchanged on the DSE trading floor till then.
Beximco was the most traded stock till the filing of this report with shares worth Tk 493 million changing hands, closely followed by Pioneer Insurance, National Feed Mills, Orion Pharma, Delta Brac Housing Finance.
The port city bourse – the Chittagong Stock Exchange – (CSE) also opened marginally lower with CSE All Share Price Index- CASPI-losing 31 points to stand at 17,539, while the Selective Categories Index – CSCX shedding 20 points to reach at 10,556, also at 10:30 am.
Of the issues traded till then 42 advanced, 70 declined and 13 remained unchanged with Tk 38 million in turnover.